NEW YORK — While the current hobo-peasant theme is all the rage, buyers at last week’s Intermezzo show said toned-down versions of similar trends will carry over into spring 2003.

As for emerging trends, many of the 515 vendors at Intermezzo — which took place Aug. 4-6 at Pier 92 in Manhattan — offered Fifties-inspired dresses with fitted bodices and flared skirts to the knee. Often in poplin and lightweight cotton, the dresses are simple, with fashion elements coming from necklines, colors and prints, rather than ruffles and trims.

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