The pressure keeps growing on vendors and retailers.
As global stock markets wheeze, credit markets drip and consumers hold onto their dollars tighter than a bear trap, the fashion industry scales back by the day to cope with the squeeze. The latest is Liz Claiborne Inc., which sharply cut 2008 financial projections and halved capital expenditures for 2009.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"