What's going on here? The recession is hitting all of the big players in the industry. Just think, last week the word was out that Vera Wang's Lavender Label was being dropped from several of its stockists, and that's VERA WANG.
While more established brands seem to be hit by the world's economy, smaller designers like Christian Siriano are flourishing in this market. Last week it was confirmed that the designer will be stocked in Saks. Not bad eh?
It's a bad time right now for Vera Wang. After having to make cutbacks and reductions earlier this year, today it was revealed that Bergdorf Goodman and Saks Fifth Avenue have dropped Wang's lower priced line, Vera Wang Lavender Label, this spring.
Neiman Marcus have also reported a drop of sales from the brand, which has resulted in them pulling the label from more than 20 of their locations. They have also pulled out from making any orders for the Fall '09 collection.