Dana Thomas recently wrote a provocative article for the Huffington Post surrounding the current state of the fashion industry. The author brazenly attributes greed as one of the many reasons the fashion industry is struggling. Like many industries, the recession has hit the fashion world with a vengeance. Over the past few months, famed fashion houses have seen their sales plummet. Thomas' article, appropriately titled "The Party's Over", examines a recent meeting held by the Council of Fashion Designers of America. At this gathering, industry insiders and designers searched for ways to maintain their consumer base during this incessant recession.
Like many businesses, the fashion industry will have to go through some level of reform to weather the times. If fashion houses want to maintain consumers, they need to deflate prices. Alterations in price should not compromise the creativity of designers, but rather challenge them to create quality clothing that is affordable and chic.
This past spring, a Save Fashion sale was held at the Port Authority in New York City
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