Fashion Week is easily one of our favorite weeks of the year: hot clothes, hot models and hot parties -- what else could we want? But, WWD gave it to us straight this morning (and you know how much we hate that) with their examination of how the failing economy could effect Fall/Winter Fashion Week in February. We'll still get those hot clothes, and even the hot models, but those parties? Don't bet on it.
We haven't heard anything about houses canceling their shows this year, but there are reports that designers who usually show outside of Bryant Park are inquiring about costs for showing in The Tents this year, where costs are significantly cheaper. Imagine, Marc Jacobs not at the The Armory -- gasp! Beyond the major fashion players, smaller designers are also having to consider scrapping runway shows in favor of a more economic presentation, or even entertain the idea of showing their lines in tandem with other designers in their respective markets. We're all for a good bitch fight, but something tells us a double-designer presentation would just get nasty.
Normally we'd be OK with all this hard news given most events are flowing with free booze -- the life force of Fashion Week -- but even bar tabs are up in the air, so we're really starting to sweat this one. Frankly, without a proper hangover we don't trust ourselves to make sound fashion assessments, and we know we aren't the only ones.
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