I believe that fashion is in trouble with this economic crises we are in. I think that the home fashion retail is going to be affected by these hard times more then any other fashion retail. In order for home fashion to be sold people are going to have to buy houses. Well with the way the housing market is going right now people are not willing to sell their houses. If somebody tries to sell their house at this time they are not going to be nearly as much as they are wanting out of it or even what it is worth. Therefor even if somebody is selling and buying a house they are not going to get the kind of money they need out of the house so then they are not going to have any extra spending money to decorate the new house with. I know that all of the different fashion retails are being affected by this economic crises as well as everybody else, I just think that the home fashion retail is going to get hit the hardest.
Also, companies are not able to afford to advertise their merchandise like they use too. For instance today in class we talked about how this past months of Voge magazine was the thinest edition ever. This is because people are not buying so therefor they cannot afford to advertise as much as they use to. Advertising is a big part of making sells in the company and if you cant afford to advertise then the likey hood of your company doing well is very slim.
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