Michael Kors Talks Recession and the Fashion Industry
The New York Times talked to designer Michael Kors about the fashion industry and the recession.
Michael Kors was asked what's the point of fashion in a time of a recession. His answer: "Oh my god! What's the point of fashion? Well the point of fashion is that when you put on the right garment suddenly you stand different. You walk differently. Your whole attitude changes when you put something on that's right. So I think it's in fact not a stupid investment. It's a good investment. But right now even the most extravagant women is suddenly putting on her smart cap. It's time to get smart."
Kors says his business has been impacted by the recession. He says his customers are more pragmatic than they have been. Take a look:
