New York—Just because it was a shorter week for many of us—between Labor Day and Rosh Hashanah—there was no shortage of interesting fashion and retail news.
Of course, the start of New York Fashion Week takes top billing this week—and next.
The 10th annual Style Awards on Wednesday launched fashion week, honoring some of the biggest names in the fashion and entertainment world: Zac Posen, Kate Upton, Victor Cruz, Frederic Fekkai, Patrick DeMarchelier, Rachel Zoe, John Varvatos etc.
Pantone, the color authority, also issued its semiannual palette showing New York designers’ favorite color choices for Spring 2014“This season, consumers are looking for a state of thoughtful, emotional and artistic equilibrium,” commented Leatrice Eiseman, executive director of the Pantone Color Institute.
Eiseman’s comments echoed some of those from economists who are concerned about a slowdown at retail. While more Americans are employed and the economy continues to (very) slowly improve, many shoppers are having second thoughts about spending on discretionary merchandise, such as apparel.
“The consumer is feeling better and is willing to make larger item purchases but that leaves them with less money in their wallet to spend on other things. The items you can live without, people are living without,” said Lazard Capital analyst Jennifer Davis.