Are the NYFW shows a sign that New York’s fashion economy is rebounding?
Call it a comeback, or so the New York fashion industry hopes. According to NYCEDC, the fashion industry employs 4.6% of the city’s private sector workforce. New York City has long been synonymous with fashion, from the history of the garment district to New York Fashion Week. With a second season of in-person Fashion Week back in effect, hopefully this is a sign that the fashion economy in New York is picking up.
Is New York’s fashion economy back?
CFDA President Tom Ford opting out of New York Fashion Week due to supply chain issues thanks to COVID-19 has made many people nervous. Although all hope is not lost. Ralph Lauren recently announced that it would be exhibited in March. Alexander McQueen also said they would be jumping across the pond to do a womenswear show in New York. Of course, the fashion industry in New York has had a hard time like most industries because of COVID-19, but if New York Fashion Week is any proof of that, the fashion industry is bouncing back.
Markarian’s evening dresses worthy of an appearance on the fan who made them famous, First Lady Jill Biden, were nothing short of stellar. 39 looks were paired with Swarovski crystal clutches and clutches, and Markarian debuted his first shoe collaboration with Maria Luca. With designers collaborating again, it’s a sign that people are buying. The collaborations are a promising sign from buyers as consumers continue to covet the limited-edition products.
Bevza was classic with dresses in neutral colors, though it’s a sign the brand might be playing it a little safe to appeal to more mainstream consumers. While the silhouettes were still elevated, the brand didn’t push beyond its comfort zone. However, their more conservative approach to design could bode well for sales. If they know a customer is blocked, it’s better to satisfy them.
On the other hand, there was Duncan’s take on workwear, which gave the office girl just an edge with sequined trims and ruched dresses. The fact that women are going to work again is a good sign, it means they will also be shopping, which will keep New York’s economy going again and again.
There was no bigger sign that New York’s fashion economy was on the rebound than LaQuan Smith’s runway show. When actress Julia Fox opened the show, it set the energy for a sexy, dynamic and glamorous show. It’s also a big moment for LaQuan Smith, who continues to recruit more and more retailers, including Fwrd, Saks Fifth Avenue, Moda Operandi and Farfetch. The designer’s star burns and the growth of the brand is seen through the success of its fashion shows. It’s a New York success story, and we really love seeing it.
As New York’s economy is still recovering from COVID-19 after small businesses were hit, there is hope. The New York fashion scene might have its stumbling moment, but it will never completely falter.