With frugality in fashion all over the globe — whether out of necessity or social acceptance — designers are trying to entice thrifty consumers with a greater assortment of prices.
American designers tend to be more willing to bend than their European counterparts, perhaps due to the fact that the U.S. financial fallout is seven months in with no immediate end in sight. Neiman Marcus chairman and chief executive officer Burt Tansky has made no bones about the luxury store’s quest for more accessibly priced goods, and Saks Fifth Avenue and Nordstrom are following a similar path.
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?"