NEW YORK — Retailers and vendors were focused on strategies for coping with the economic slump at the three-day Nouveau Collective trade show.
And again, value and newness dominated the conversations at the event that wrapped up Aug. 5 at the New Yorker hotel.
Neko Mitsunaka, who has owned the Sakura boutique at 3 East 44th Street in Manhattan for 32 years, said, “People are definitely concerned about the economy. We have to have the best prices.”
She has noticed that business travelers are not making multiple purchases and shoppers are spending an average of $300, compared with $400 two years ago.
With prices for European goods up about 20 percent because of the weakness of the dollar, Mitsunaka said she was looking for more affordable domestic ready-to-wear resources. “If I find something new, I will buy a bunch; if not, I won’t,” she said.
Amy Short, owner of Christian’s Boutique in New Port Richey, Fla., acknowledged that business is off. “People are not throwing away their money like they used to. Even my really good customers who normally spend tons of money are not spending as much. I’m sure it will turn around. The summer is always slow. Now we’re talking summer on top of the economy.”
In response, Short reduced her purchases 50 percent but placed orders at UBU Clothing and Suzanne/Stillman Studio. To try to appeal to a wide audience, she offers items in the $29 to $429 price range. She is in search of “really awesome clothes” like tops, jackets and jeans, she said. “We’re only buying what we really love.”
Dee Gratz-Jones, sales director of StyleMax, a show in Chicago this week, said consumers are being a lot more selective. Many stores are banking on better accessories to help carry the business, she said. Gratz-Jones said more vendors are offering immediate deliveries to try to accommodate stores that are shopping closer to need. She expects retailers to attend more regional trade shows to reduce travel expenses.
Jenny Narvaez, an image consultant who also sells clothes in her home in Puerto Rico, said her customers are mostly working women with little time to shop. Many use both of her services, and the “person-to-person” aspect “really is the difference,” she said. “When I buy for a client, they know it is exactly what they want.”
Checking out Raiment Fashions’ tops and skirts, she said, “The prices are good and I know what I want.”
Roxana Monge, sales rep for Magdalena, a five-year-old sportswear resource that wholesales between $17 and $54, picked up a handful of new accounts at the show. “We’re still growing because our prices are really low,” she said.
Taffeta knit separates, which wholesale between $34 and $55, were key items at the show. The fact that the entire Magdalena collection is made in the U.S. could be helpful should there be a backlash to foreign-made goods because of increasing import fees and shipping costs. “People don’t want to spend those high prices,” Monge said. “We are hopeful that they will come back to us in the U.S.”
My character, Dinah Madani, is just the coolest, [most] badass woman imaginable," says @amberroserevah. The actress stars in @marvel's newest series on @netflix, @thepunisher. To prepare for her role, Revah sat down with Homeland agents to get a real sense of with Dinah's day-to-day life is really like. Read our full interview on WWD.com. #wwdeye (📷: @jilliansollazzo)
A scene from the 91st annual @macys Thanksgiving Day Parade. The parade, which boasts 50 million TV viewers and 3.5 million on-site spectators, is considered one of the largest and most watched parades in the world. (📷: Jason Szenes/EPA-REX)
The circus came to @bloomingdales 59th Street on Tuesday night and lit up Lexington Avenue with acrobatic dancers, death-defying knife throwing, sword swallowing and aerial acts with no net. The 45 minutes of theatrics built up to unveiling the holiday windows depicting @swarovski crystal-encrusted circus pieces and scenes from “The Greatest Showman” – songs from the soundtrack included. See the rest of the photos on WWD.com #wwdfashion (📷: Joshua Scott)
The psychedelic fashion that pervaded the ’60s is back with an exhibit at the @museumofcityny. “Mode New York: Fashion Takes a Trip” chronicles the changing styles from 1960 through 1973 and features designers such as @ysl, @oscardelarenta and more. The exhibition, which is on display through April 1, is organized into four periods: First Lady Fasion, Youthquake, New Bohemia and New Nonchalance. Pictured here is model Pat Bardonella during the Garvey Day Parade in 1968. (📷: @kwamebphoto) #wwdeye #wwdfashion
“People should be a lot more honest in expressing both the dark and light of themselves. We need to give each other the space to do that because it’s the only way we can grow and evolve,” says @noelwells of her new film “Mr. Roosevelt,” which is largely based on her own struggles. Unexpectedly leaving @nbcsnl in 2014 after just one season, Wells felt set back in her self-esteem and career trajectory. She quickly refocused her energy to more personal projects, which led to the completion of “Mr. Roosevelt.” Read the rest of WWD’s interview with the “Master of None” actress on WWD.com #wwdeye (📷: @jilliansollazzo)
@barbrastreisand is giving fans a chance to see her perform up close in a new concert series, which makes its debut on @Netflix today. From behind-the-scenes takes to her concert performance in Miami last December, the two-hour streaming special captures Streisand in her element. Pictured here is the singer/actress photographed for WWD in 1963. (📷: Palmieri Tony) #wwdeye #wwdarchive
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)