The Death of New York?

Unfortunately, the USA recession has taken more than just jobs and businesses, it has taken titles too. It was recently announced that New York is no longer the fashion capital of the world, After 5 years in the number one spot, the Big Apple was surpassed by Milan, the home of Gucci, Prada, Armani and Versace. Rome and Paris was also passed up by Milan.

Although New York came in second, other USA cities surprisingly made a comeback... Miami too the list at number 13 for it's fashionable swimwear that is seen across the globe.

However, New York City is not going down without some impressive numbers. Although they lost their number one spot, they still emply over 175,000 fashionistas/fashionistos and generate about $10 billion in wages... still pretty impressive.

Source: am New York
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Vogue Revives Global Consumers

In support of the failing fashion economy, fashion designers filing bankrupt, and fashion magazines closing, Vogue has decided to celebrate and lift spirts by financing fashion shows in 13 major locations in order to bring relief to the recession.

According to Carine Roitfeld, Vogue Editor, "It seems important to mobilize to celebrate fashion, and show that despite the difficult times we more than ever need the enchantment and pleasure fashion brings.”

The shows will take place in Milan, Mumbai, London, New York and many more. Readers of Vouge get special treatment by being welcomed in luxury stores in each of the cities hosting the events and will be greated by Vogue editors.

The idea of the celebration is to celebrate the global fashion industry on September 10th with the theme "to revive consumers' taste for fashion and shopping".

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