The fashion elite turned out in support of couture house Christian Dior for its catwalk show in Paris on Friday three days after it fired star designer John Galliano over anti-Semitic comments. Influential U.S.
Pleats and plaid, rich colors, longer hemlines, wide-leg trousers and luxurious outerwear are some of the key trends to emerge from New York Fashion Week for fall and winter 2011, buyers and experts say.
Wall Street bankers, the ultra wealthy and even upper middle class shoppers are once again snapping up diamond rings, $10,000 handbags and designer gowns, priming the U.S. luxury sector for more deals.
Rich colors, refined styles and 1970s minimalism are likely trends at New York Fashion Week, U.S. department store buyers say as they look for clothes to entice wary consumers amid a fragile economic recovery.
Wall Street's continuing rally and the improving finances of America's wealthy will keep luxury spending's hot streak alive in 2011, and the less well heeled are also poised to join the party, top retail executives said.
Women's clothing retailer AnnTaylor Stores Corp said Thursday it is planning to significantly ramp up its outlets business by opening 40 new stores next year at locations previously occupied by rival Liz Claiborne Inc.