{"id":612442,"date":"2023-12-21T00:00:00","date_gmt":"2023-12-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/21\/the-decades-long-correlation-between-fashion-and-the-economy\/"},"modified":"2023-12-21T00:00:00","modified_gmt":"2023-12-21T00:00:00","slug":"the-decades-long-correlation-between-fashion-and-the-economy","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/21\/the-decades-long-correlation-between-fashion-and-the-economy\/","title":{"rendered":"The decades-long correlation between fashion and the economy"},"content":{"rendered":"

Over the course of history, fashion and economic conditions have proven to<\/strong> be inextricably linked. <\/strong>Aside from its role as carrier of societal and cultural mores, trends and preferences, fashion is typically also a means of reflecting the economic wealth (or downturn) associated with any given time period, with fashion designers and consumers alike responding with the movements of the economy. <\/p>\n

Remember those luxurious fabrics of the <\/strong>Renaissance<\/a><\/strong> a<\/strong>nd the extravagant flapper <\/strong>dresses of the <\/strong>Roaring Twenties<\/a><\/strong>?<\/strong> Each of these were a sign of the times. In fact, post-World War II France, Christian Dior introduced the New Look<\/a> \u2014 a fashion statement that bit back at the modesty and simplicity of the age that has passed and used layers upon layers of fabrics, to symbolize luxury after a period of fabric rationing.<\/p>\n

Then there was the <\/strong>indie sleaze<\/a><\/strong> era, emerging as a result of the economic crisis of 2008.<\/strong>It picked up the previous Indie rock movement and proliferated mixed fabrics, messy hair, and a look of undoneness \u2014 like going through your parents\u2019 70s and 80s closet and throwing on a pair of your jeans because, well, you couldn\u2019t afford to shop for new clothes. This example suggests that every fashion trend carries subtle nuances that tell the story of the prevalent economic climate: \u201cWhen times are drab, maximalism<\/a> seems to be the standard response,\u201d ELLE Fashion Features Director Veronica Hyland<\/a> told GQ<\/a>. <\/p>\n

Today, we are experiencing a fashion period dubbed \u201c<\/strong>Recession Core<\/a><\/strong>,\u201d with long skirts<\/strong>, vests, blazers <\/strong>\u2014 basic pieces accompanied with simple patterns and neutral colors. The current season\u2019s silhouettes, basic color palettes and minimalistic approach take inspiration from past decades, and effectively impact the present, particularly through the Hemline Index<\/a>, which posits that there\u2019s a connection between the economy and the popular length of a skirt during that period. <\/p>\n

Hemline\u2026 what? <\/strong>Stay with us here: During times of prosperity, hemlines tend to get shorter and micro skirts are everywhere. When there is a crisis (you guessed it), down goes the hemline, and maxi skirts are back. For example, hemlines<\/a> rose in the 1920s as the stock market surged but fell during the Great Depression.<\/p>\n

H<\/strong>igh net worth individuals are also consistent<\/strong>in their luxury spending habits:<\/strong>While some individuals who typically shop for more affordable brands tend to reduce their spending and only purchase high-quality items to replace those that have been lost or damaged, which in the long run are affecting emerging or newly-emerged designers in the market, suggests Julius Baer\u2019s Global Wealth and Lifestyle Report<\/a>. <\/p>\n

The fashion industry, like others, is facing some tough times. <\/strong>Global economic and political headwinds have impacted the fashion industry, too, British Fashion Council CEO Caroline Rush said, according to Vogue<\/a>. The war in Ukraine, the rising cost of living, decreasing consumer confidence, and currency devaluations have caused smaller or emerging brands to struggle to expand their businesses. This lack of growth leads to reduced brand exposure and sales, which are critical to keep these businesses afloat, Rush noted. <\/p>\n","protected":false},"excerpt":{"rendered":"

The fashion industry is looking for 2-4% growth next year<\/p>\n","protected":false},"author":1,"featured_media":612443,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8963],"tags":[7419,104,633,8297],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-612442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-culture","tag-culture","tag-economy","tag-enterprisepm","tag-fashion","wpautop","entry"],"acf":{"mongo_id":"3a4650c1-2b99-4c2e-8d2a-c79b6239a508","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/12\/1485.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[612426],"teaser":"The fashion industry is looking for 2-4% growth next year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.18990cfe-b1ac-4722-b6c1-e2778802b34a.mp3"},"yoast_head":"\nThe decades-long correlation between fashion and the economy - 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The store, founded in 2018,\u2026","rel":"","context":"In "ON YOUR WAY OUT"","block_context":{"text":"ON YOUR WAY OUT","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-your-way-out\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/9\/1819.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553356,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/07\/the-real-of-cost-of-your-new-look-is-higher-than-you-think\/","url_meta":{"origin":612442,"position":3},"title":"The real of cost of your new look is higher than you think","author":"enterpriseam admin","date":"7 October 2022","format":false,"excerpt":"Behind all the glitz and glamor, the fashion industry has a soberingly large carbon footprint: The fashion industry is responsible for up to some 8-10% of global carbon emissions and 20% of wastewater globally, according to a United Nations Economic Commission for Europe report. Producing and delivering your favorite sweaters\u2026","rel":"","context":"In "THE ENVIRONMENTAL IMPACT OF FASHION"","block_context":{"text":"THE ENVIRONMENTAL IMPACT OF FASHION","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-environmental-impact-of-fashion\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/391.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553349,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/07\/fashion-week-wasnt-born-in-a-day\/","url_meta":{"origin":612442,"position":4},"title":"Fashion week wasn\u2019t born in a day","author":"enterpriseam admin","date":"7 October 2022","format":false,"excerpt":"A brief history of fashion week\u2014 Long before the likes of Kendall Jenner and Bella Hadid flocked to the fashion week runways, instigating a paparazzi frenzy and flooding Avenue Montaigne with a sea of influencers, there were\u2026 paper dolls. In the first half of the 19th century, clients hoping to\u2026","rel":"","context":"In "A BRIEF HISTORY OF FASHION WEEK"","block_context":{"text":"A BRIEF HISTORY OF FASHION WEEK","link":"https:\/\/enterpriseam.com\/egypt\/category\/a-brief-history-of-fashion-week\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/388.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":551162,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/30\/efdc-hosts-pre-launch-event-for-egypt-fashion-week-african-vaccine-production-facilities-struggle-to-remain-commercially-viable-amidst-low-demand\/","url_meta":{"origin":612442,"position":5},"title":"EFDC hosts pre-launch event for Egypt Fashion Week + African vaccine production facilities struggle to remain commercially viable amidst low demand","author":"enterpriseam admin","date":"30 May 2022","format":false,"excerpt":"Egypt\u2019s first Fashion Week is coming this fall: The Egyptian Fashion and Design Council (EFDC) held the pre-launch of the inaugural Egypt Fashion Week \u2014 scheduled for 3-5 November in Cairo \u2014 earlier this month at the historic Museum of Agriculture Cotton, where the event will take place this fall,\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/556.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/612442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=612442"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/612442\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/612426"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/612443"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=612442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=612442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=612442"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=612442"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=612442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}