Friday, July 31, 2009

Fashion Ticker Tape

Chanel bags

It has always been the result that every time economic cycle hits depression stage, first to hit hard is the high end, sophisticated and classy industry which is our fashion sector.


Even a freshman economics student can easily deduct whilst conditions besetting depression the most affected are non-essential products. Well, who could afford clothing apparel costing a few thousand Dollars? You could just imagine dresses and its accessories reaching prices comparable to anywhere from 1-5 month basic salary of middle class working men.


Definitely only the upper echelon of society can purchase such items. Nevertheless I’m sure these individuals too have their own cost cutting to implement.
As shown by the schedules of shows unveiling new product line coupled with heavy orders, one can conclude even without their companies’ quarterly report business is still brisk.


It has been astonishing the way the fashion industry has reacted to the current economic downturn. It beat market analyst of gloomy days ahead for the trendy industry. And to make matters worse for those market pundits at Wall Street, a film on the life of top designer Coco Chanel was recently released. Now that is like adding insult to injury. How about an authentic Chanel handbag just to reminisce the good old bull run?