cutbacks

Economy Forces Retailers to Cut Spring Orders

Diane Von Furstenberg spring 2009

Retailers nationwide are cutting orders by at least 10 to 15 percent for spring. Cautious New York flagships are lowering their buys 7 to 10 percent and banking on tourism to keep sales afloat. “Conservative” spending is the buzzword among both buyers and designers — Diane Von Furstenberg, Oscar de la Renta, and Thakoon are relying more heavily on international markets, while others, like Doo-Ri Chung, are working with fewer embellishments to lower prices. [WWD]

Economy Forces Retailers to Cut Spring Orders