Showing posts with label financial crisis. Show all posts
Showing posts with label financial crisis. Show all posts

Saturday, September 05, 2009

Danish Fashion - probably the world's best kept secret

In my recent fashion transition and reflections, one of the main issues that kept surfacing was my thoughts on Danish fashion and how it compares with the rest of the world (read: mainstream). This of course, is a very general statement as Danish fashion can be mainstream and every fashion capital has its own fashion signature.

When I first encountered Danish fashion (not to be confused with Danish design, which refers to the Dane’s renowned eloquent furniture / home design), my first impression was amused. Then followed by dislike and aversion towards certain styles that clashed with what I considered as tasteful or chic. But to my utter surprise, years later (after some major conditioning and brainwashing) I found myself appreciating and even wearing styles that I openly criticized before. I guess it’s a bit like meeting a new culture or fitting into a new team. First there’s the encounter (Forming), then there are clashes (Storming), then you start to learn and appreciate the new things (Norming), and lastly, you’re so conditioned to the new style that you start adopting it yourself (Performing, voila!). In my case, I’m embracing the Danish fashion like I never would’ve imagined 4 years ago.

Curious fact: the point when I knew for certain that I have crossed to the “dark” side was when I actually considered buying BLACK socks to go with my gym trainers.

Danish fashion has a very distinct style of its own. Some locals claim that it has inspired fashion trends in the rest of the world (this is where people from other fashion capital, like Tokyo, would argue vehemently otherwise); but whatever it does, it’s surely inspiring just like any art work does. The signature looks are large shapes, loose silhouettes, very casual almost hobo, muted (mostly blacks and greys) monochromes, slightly avant-garde, definitely adventurous and occasionally raw. This fashion tone obviously had a lot of influence from one of the fundamental culture (also one that they’ve been trying to get rid of) that has plagued the country – the Jante Law. A fictional law that is so ingrained in the country’s history and is based on the conviction that no one should be better than another. In other words, don’t stand out from the crowd. Obviously, this one didn’t make it to L.A.

However, being unique in a business that’s undeniably driven by mainstream forces has its cons. The recent financial showdown acted like a giant broom that came and swept everyone away. Those who were strong hung on, while the rest as we know are history. OK, that was a bit dramatic; several strong-willed ones are still hanging on but barely. It was a major shake up that slapped the reality of how money IS everything, even for artists. To create art, you need to money. To make money, you need to create things that sell. Being uniquely Danish (read: appealing exclusively for Danes) as fashion is here, I’ve always pondered whether that’s a good thing for them. Being a small country of not more than 6 million people (fun facts: there are 24 million pigs in the country), the fashion industry has a very small market to thrive on. To be successful, one must look abroad.

Recently, I ran casual survey among friends, asking them if they could name a Danish fashion designer or any Danish clothing label that is successful internationally. You try.

Precisely. It is debatable whether it is important to be internationally renowned, but when you start something in a highly competitive industry such as fashion, and in a market where your target group derives from a pool of 5 million people, you should instinctively be compelled to look beyond borders – literally outside the box. Denmark on the contrary, as I have observed, seems think otherwise. Apparently, people are very contented with where they are, what they have and are happy to keep a comfortable status quo. I remember clearly a conversation with the editor from one of the respected Denmark based international fashion magazines about their circulation and their source of revenue. The magazine had a worldwide circulation of 80 000. As for revenue, the magazine only had a handful of advertisers so I could only imagine that they relied heavily on subscriptions and sales for income. My initial respond to that was that there was plenty of room for expansion! But no, they were very satisfied and contented with where they were. This phenomenon is actually quite prevalent among the Danish community; life is too good, why challenge it? Because challenges and adversities define the very progress of humanity. I wasn’t surprised when the magazine announced bankruptcy less than a year later.

The Danish fashion industry needs to stop trying to be the world’s best kept secret. More visibility needs to be created and they can start by delivering more (and this is where all artistic people are going to shoot me) commercial pieces. Create a balanced collection that offers commercial pieces that will sell and support the more exclusive, more avant-garde pieces. Simply put – creating designs that can translate into money, money that will fuel their work and ultimately the fuel fire of their passion.

Another suggestion is to understand and respect your consumers’ buying power. The past 12 months have taught us that expensive haute couture probably isn’t the best strategy at the moment, as Christian Lacroix and Escada have sadly shown us. It’s no secret that many fashion houses do not make profits. But it isn’t romantic anymore to be a luxurious but poor brand; instead, it’s savvier to be a label that hits the right note on key trends and with prices that encourage your consumers to do what they do best – buy!

I love Danish fashion and appreciate its adventurous styles and laid back attitude. Which is even more the reason that I want it to thrive and bring more of its fun, quirky designs to the rest of the world.

Wednesday, March 25, 2009

Recessionista

A few good lines – in case you can’t remember the rest:

Living in denial is never the answer. Just because the world is having recession, your wardrobe doesn’t need to be in depression.

It can’t be said more clearly that you, me and the world are going through one of the worst recessions since – forever (1940s) – so it’s high time we buck up and grit our teeth through it. This also means smartening up our fashion sense and adapting our style to the wind of change - be a wise Recessionista.

The magic word is Sales.

Fashion may be fabulous but that doesn’t make it immune to reality and the retail industry is receiving just as hard a blow as the rest. Many shops are still continuing their “Christmas” sales and there’s no excuse that you shouldn’t take advantage of that. Clamp down your spending by looking out for sales items and warehouse clearance. Trust me, if you open your eyes and ears you will find many as everyone is doing whatever it takes just to create sales number.

Time to be picky.

Be conscious about what you buy and be sure that nothing was killed unnecessarily along the production process including your own future. Since you’re supposed to buy less and more meaningfully now, use the extra time and effort to learn more about your purchases. If you can afford, invest in those that are environmentally friendly and ecological. It sounds like a lot of hassles but there are brands and designers who dedicate their entire collections to the aspiration of making the world greener. It’s like finding your hairstylist – once you find them stick with them.

On the other hand, retail companies and designers should take this opportunity to review and plan their collections to produce more economy-environmental-friendly collections. This is probably the one time that where art clearly should reflect life. We cannot continue blinding ourselves with glittery sequins or hide beneath mountains of heavenly cashmere.

Get an overview.

Not just your life but your wardrobe. Book yourself a day to clean out your wardrobe to get a complete overview of everything you own. Put aside all the items that you’re absolutely sure that you don’t want to be caught wearing and let your creative imagination run wild on the rest. Make mental notes of items which can complement each other or pieces that could add chic contrasts to others – not everything have to match. You’d be surprised how much treasure you might just uncover; new styles and outfits to see you through the year. Don’t forget to include your shoes, accessories, bags, etc. Rearrange your clothes so that you can have a clear view of everything you have, this is especially useful in much needed situation such as when you’re about to make an impulse buy.

So the next time you're in shopping mood - be a wise and think twice.