Longtime clients who bought full-ticket designer clothes before the economy soured have proven loyal, but they aren’t buying as much as they used to, Jay said. But the luxury market is seeing new interest among Gen Y fashionistas, who didn’t used to buy much high-end but are now starting to, spurred in part by the ease of online purchases. “Newcomers don’t spend as much per ticket, but there are more of them,’’ he said.
The Row, the collection designed by Mary-Kate and Ashley Olsen, which previewed Monday, seemed to speak directly to women (especially the younger set) who live the sort of uptown life that requires clothes for special occasions, but who aren’t interested in traditional suits or eveningwear. Think cozy chenille jackets or cashmere tops with an underlayer of sheer chiffon, or paired with a full-length skirt.
Ken Downing, fashion director of Neiman Marcus, said that even the fur turning up on a lot of runways could motivate younger shoppers. “We are seeing a lot of mink, a lot of textural mink. You thought of mink before as your grandmother’s but this is through a new lens. … Mink is something a lot of women don’t have.’’
Some of the fur being shown is faux, but whether younger shoppers — especially given the mainstreaming of veganism and animal rights — will buy real fur-accented pieces as a new trend remains to be seen.
But Downing said the way fur is being shown now is often as part of a coat, sweater, or skirt, rather than an entire fur coat. Downing said it was a youthful way of wearing it, flattering and interesting. “Fur continues to modernize into a sportswear item,’’ he said.
And while designers hope their new collections will inspire spending by shoppers young and old, New York City Mayor Michael Bloomberg said Fashion Week is an increasingly profitable enterprise for the city. At an appearance with Diane von Furstenberg Monday, Bloomberg announced that the twice-yearly shows are expected to generate an economic impact of $865 million for the city in 2012.
