By and and  on October 28, 2008

NEW YORK — Just how bad will spring be for American designers?

With the economy cratering and consumer confidence sinking to new lows, it’s not surprising an uncertain mood, if not outright panic, has taken hold of many showrooms here. Vendors have reasons to be concerned — according to sources, retailers nationwide are cutting orders by at least 10 to 15 percent for spring, while the New York flagships are lowering their buys by 7 to 10 percent since they don’t anticipate they’ll take as hard a hit because of tourism. That’s amid an already disastrous fall selling season that is sure to put even bigger dents into open-to-buy budgets for fall 2009.

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