The Runway Race for Retail
It's the first day of Fashion Week, and this morning, the 48-hour clock started ticking. While fashion editors rush to report on the latest trends and designers frantically finish their collections, a lower-profile group--retailers--are racing, too, from runway to showroom. After the designer takes a bow and the models decamp from the shows of stars like Marc Jacobs or wunkerkinds-of-the-moment like Alexander Wang, buyers have about two days to get business done.
At the shows, they need to rapidly figure out what looks like the next It bag or trend-setting silhouette, without tipping off the competition. Opposing contingents from the major chains that sell designer fashion--Saks, Neiman Marcus, Nordstrom--are seated together at shows. Sue Patneaude, a retired executive vice president of Nordstrom who ran the designer business for three decades, used to find herself next to competitors such as Joe Boitano, senior vice president of Saks. To keep their judgments to themselves, retailers tend to develop their own personal codes for notes. Then the race is on to beat the other retailers to place an order.
"All of the competitors are there and everyone wants an appointment right after the show," says Patneaude. "You usually have to do it within 48 hours--it' a race to find out what you love and make the commitment."
By Catherine Curan
- Morning Hemlines: Mervyn's, Fred Leighton, Imitation of Christ, Holidays, Luxury Ads, Vintage
- Nov 24 2008 10:19AM EST
- Morning Hemlines: Steve & Barry's, Limited, Barneys, Marc Jacobs, Hicks, Pilati
- Nov 20 2008 9:24AM EST
- Morning Hemlines: Saks, Woolworths, Project Runay, Consumer Prices
- Nov 19 2008 10:21AM EST
- Morning Hemlines: Wintour, Saks, Burberry, Steve & Barry's, Carrefour, Claiborne, Wang
- Nov 18 2008 9:58AM EST
- Morning Hemlines: Penney, A&F. J. Crew, Tom Ford, Brioni, Luxury
- Nov 17 2008 9:46AM EST
- Morning Hemlines: Macy's, Benetton, Richemont, Nordstrom, John Lewis, Alexander
- Nov 14 2008 9:36AM EST
- Morning Hemlines: Tod's, Discounters, Urban Outfitters, Interview Suit
- Nov 13 2008 10:50AM EST
- Morning Hemlines: Macy's, Geen. General Growth, Beijing, Versace
- Nov 12 2008 10:02AM EST
- Morning Hemlines: Claiborne, SJP, Fortunoff, Boutiques
- Nov 11 2008 11:00AM EST
- Morning Hemlines: Asprey, Marc Jacobs, H&M
- Nov 10 2008 10:21AM EST
- Morning Hemlines: Ann Taylor, Barney's, Warcano, True Religion, Net-a-porter, Obama
- Nov 7 2008 10:24AM EST
- Morning Hemlines: Hermes, Retail, Obama, Thakoon, Disney
- Nov 6 2008 11:00AM EST
- Morning Hemlines: Polo, McQueen, Obama
- Nov 5 2008 10:58AM EST
- Morning Hemlines: M&S, Barney's, American Apparel, Puma, Politics
- Nov 4 2008 11:18AM EST
- Morning Hemlines: Abboud, Rochas, Mad Men, Dillard's, Hardison
- Nov 3 2008 10:41AM EST
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