A much-discussed theory this week is whether the runway's hemlines can predict an upcoming recession. The saying goes, if dresses and skirts get longer, the economy is getting worse. It stems from a period in the '20s, when short skirts revealed expensive silk stockings, and long skirts disguised cheaper wool ones. Now it's thought by some (including Faran's dad, an econ guy) that using more fabric spurs and encourages more spending within the entire industry, and you start to see long dresses when people get worried about sales. We did a little obsessive check on Style.com and found that while designers geared to older luxury shoppers - Marc, Donna, Vera - did feature longer silhouettes, their secondary lines - Marc by, DKNY, and Vera Lavender - all had pretty short skirts. Check out DKNY's red scorcher at left. Other young brands - Sass & Bide, Anna Sui, Karen Walker, Charlotte Ronson - also had an a-line sheath shape happening, which means not everyone is surrendering to the grungy or silky long skirts that Erin Fetherston seemed to favor this season. But does it mean anything for the stock market? We're not sure - let's see how Prada's IPO does once it's been public for a little bit.
Mayor Bloomberg Talks Fashion’s Night Out While Anna Wintour, Mary-Kate Olsen, and Other CFDA Members Stand There
After living here for a while, you sometimes forget how many amazing people live and work in New York City. When we walked into City Hall for the Fashion's Night Out kick-off press conference today, we went through security with Lisa Mayock from Vena Cava. Then, we saw Anna Wintour walking ahead of us and Alex Wang suddenly appeared behind us. A few minutes later Marc Jacobs, Jack McCollough and Lazaro Hernandez walked in. After we were seated inside the press conference room, the following people (in addition to the aforementioned) surrounded the podium: Prabal Gurung, Zac Posen, Phillip Lim, Tracy Reese, Kenneth Cole, Donna Karan, Carolina Herrera, Tommy Hilfiger, Thakoon Panichgul, Marcus Wainwright from Rag & Bone, Francisco Costa, Vera Wang, Tory Burch, Steven Kolb, Linda Fargo, the Mayor...and after a few moments, we noticed tiny Mary-Kate Olsen peeking her head out behind Marc. Then, unfortunately, we died and are thus unable to report anything else about Fashion's Night Out. Just kidding - sort of.