Remi Landau of Scarsdale, New York is one of the city’s clothing designers. Remi Landau is creating a nightwear line for her present employer. In addition to creating her own line, she attends fashion week.
Fashion Week has become the hub where art and fashion converge to create trends for the next seasons. Established as Press Week during WWII, Fashion Week has expanded to include events in Milan, Paris, China, Japan, Mexico, Guatemala, and Brazil. However, for each of these locations, Fashion Week has done more for these cities and fashion than create buzz.
The amount of money the event generates has grown over the years, some believing that it significantly contributes to the city’s economy. In 2015, New York’s famed semi-annual Fashion Week was reported to have contributed $887 million to the city’s economy, drawing 232,000 attendees to more than 500 shows. Today, according to NYCEDC, this figure has moved closer to $900 million a year.
More than just a glitzy event attended by the country’s celebrities and well-heeled, New York’s Fashion Week is a part of an industry that contributes to 5.5 percent of the city’s workforce. In total, the fashion industry pays $11 billion in wages and contributes to $2 billion in tax revenue, and that was in 2015.
For other countries, Fashion Weeks events do a lot for the area. In many cases, Fashion Week is the opportunity to showcase local designers while generating revenue for the city. In Shanghai, Guatemala, Mexico, Brazil, and Tokyo, Fashion Week is the chance to change the image of these cities from being primarily textile producers, and more importantly, invite investment to the areas.
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