By  on November 11, 2008

With retail in sharp decline, Plaza Too owner John Mendes had little patience on Monday for trend talk of boyfriend jackets, accessories that can be spotted blocks away and absurdly high heels.

At the Fashion Group International’s panel discussion at the Time & Life Building in Manhattan, Mendes, who was seated in the audience, said, “Actually, it’s very hard to listen to all of this because October has been a bloodbath. And I totally believe by the end of December a lot of people will not be standing, including one major department store. What’s actually happening out there is all the wealthy people have simply stopped walking through the door.”

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