The fashion industry has plenty of tactics for confronting economic turmoil, especially when it comes to conflating need and desire. Witness the fact that the ante has been upped on “investment pieces”, and they’re now referred to as “forever pieces”. Beyond imaginative vocabulary, though, decorative escapism, or even bright colours to lift the mood, there’s another more obvious tactic retailers could employ to sustain sales: focusing on career-enhancing clothing. Read more
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Vanessa has been the FT’s fashion editor since 2003, and is based in New York, though she lived in London for 12 years.