Fashion's Internet Woes: Industry Going Out Of Style?

11/17/2009 05:12 am ET | Updated May 25, 2011
  • Latimes.com

The $300-billion fashion business is in the midst of an epic shake-up that is changing the way clothes are designed, marketed and purchased. The Internet -- the same force that has splintered the media and music industries -- is challenging the taste-making role of the fashion elite, a shift that is being accelerated by the rise of cheap chic and a recession that has blunted more-is-more spending.

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