Saturday, February 14, 2009

Fashion News: Credit Crunch

You know the credit crunch has gone in a downward spiral when major retail companies are finding new ways to get consumers spending. These include:

-Myer's spokesperson, Jennifer Hawkins use to parade once a year for Myer. In 2009, Hawkins will be on the runway at Myer stores in Sydney, Melbourne, Adelaide and Perth to boost sales.

-After providing Sydney's society women with enviable clothes and accessories, level seven in David Jones, Elizabeth Street is now closed. It use to house designer labels such as Chanel and Yves St Laurent. All the designer brands are moved to level two now. Why the change? Ksubi, White Suede, Sass & Bide and Willow were bringing in more money to DJs than their designer counterparts. Watch this space...

-Luxury brand Chanel is also feeling the economic pitch. After making 200 temporary workers redundant, Karl Lagerfeld has decided to ditch the 'bling bling' and go with the classic boxy jacket, A-line skirts--with beautiful beading, embroidery and pearls.

-It's been noted the sales of expensive "It bag" handbags has slumped globally, Caroline Yates, owner of Bag Ladies has been producing canvas bags with political statements such as "My Other Bag is Prada" and "Louis Who?" It's been a hit, with a friendly price-tag of $29.95, who wouldn't buy one?

-Witchery Men, will be available online on 18th February, 2009. If you want to meet the infamous model Heidi, here are the details:

Polo Lounge & Supper Club
134 Oxford Street
Time: 5-6pm

That's the news for now and I'll post soon.

Au revoir!


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