11/09/2009 05:12 am ET Updated May 25, 2011

Robin Givhan: Why Fashion's Night Out Won't Work

The fashion industry is in crisis -- both financial and existential. Over the summer, designers and retailers gathered in New York for a come-to-Jesus, group therapy session in preparation for the upcoming spring runway shows, which begin Thursday. Industry veterans such as Diane von Furstenberg and fledgling entrepreneurs such as Chris Benz detailed their individual business needs, lamented the dispiriting recession, grappled with shifting consumer priorities and searched for relevance in a culture that has been forced to reassess its outlandish spending habits and addiction to high-priced status symbols.

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