Capsule

SLATE'S HIGH STYLE FOR LOW TIMES

May 18, 2008 BY CAPSULESNEWS

080514_box_fashionTN.jpgGood news for American designers. Slate magazine has a feature called "High Style For Low Times, How fashion and luxury firms will ride out a recession," which projects how us retailers will be weathering the looming recession. The article expects US designers to benefit at home from a weak dollar. “The disastrous state of the dollar abroad has made the importation of European collections prohibitively expensive in America, causing buyers to cut back on purchases from design houses overseas,” according to the piece. Read the full story here.