Bad news has hit the fashion front. No successors to designers like Calvin Klein, Donna Karan and Ralph Lauren are on the horizon. Discounters, changes in public taste, and markets that do not allow designers to mature are at fault.
Bad news has hit the junior department of the fashion world as well. “The Return of Grunge” and “Bye-Bye Britney” headline the changes, explored in an article in the December 11 Wall Street Journal. Those retailing to teenagers are trembling at fashion’s “scary turns back to T-shirts [and] baggy jeans.” “Grunge redux” has “dire implications for the teen economy.”