A finger put up to the wind in fashion today will find, not just change blowing through the industry, but a whirlwind threatening to carry away everything not tied down.

The headline-grabbing designer debuts this past season — from Matthieu Blazy at Chanel to Demna at Gucci — are just a sign of how powerful a storm is passing through.

There’s also the continued slide of the American department store, the near-complete digitization of marketing, President Donald Trump’s trade war with the world, the after-effects of the pandemic, the tech dominance of a few large players like Meta and Google, and so on and so forth.

The industry is just different today, even from only seven or eight years ago.

And as the changes started to pile up, the old business models stopped working or stopped

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