American Fashion in Crisis? Not at These Shows
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    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,643,886 (+0.13%)       Melbourne $988,526 (+0.18%)       Brisbane $1,027,262 (+0.59%)       Adelaide $921,236 (-1.53%)       Perth $913,258 (-0.37%)       Hobart $750,852 (+0.44%)       Darwin $705,508 (+1.52%)       Canberra $959,740 (+0.41%)       National $1,061,930 (+0.08%)                UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $765,156 (-0.86%)       Melbourne $497,287 (-0.04%)       Brisbane $603,986 (-2.12%)       Adelaide $458,533 (-0.76%)       Perth $487,745 (-0.55%)       Hobart $518,973 (+0.20%)       Darwin $390,036 (-1.70%)       Canberra $500,797 (-0.20%)       National $548,954 (-0.83%)                HOUSES FOR SALE AND WEEKLY CHANGE     Sydney 13,017 (+305)       Melbourne 16,861 (+38)       Brisbane 8,920 (+94)       Adelaide 2,683 (+93)       Perth 7,123 (+134)       Hobart 1,216 (+27)       Darwin 285 (0)       Canberra 1,288 (+65)       National 51,393 (+756)                UNITS FOR SALE AND WEEKLY CHANGE     Sydney 10,097 (-39)       Melbourne 9,079 (+75)       Brisbane 1,777 (+28)       Adelaide 464 (+11)       Perth 1,635 (+53)       Hobart 208 (+6)       Darwin 331 (+3)       Canberra 1,135 (+25)       National 24,726 (+162)                HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $800 ($0)       Melbourne $600 ($0)       Brisbane $640 ($0)       Adelaide $600 ($0)       Perth $675 (+$5)       Hobart $550 ($0)       Darwin $750 (-$10)       Canberra $680 ($0)       National $671 (-$1)                UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $740 (+$8)       Melbourne $560 ($0)       Brisbane $620 ($0)       Adelaide $490 ($0)       Perth $620 ($0)       Hobart $450 ($0)       Darwin $570 (+$20)       Canberra $550 ($0)       National $587 (+$4)                HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 5,925 (+132)       Melbourne 7,088 (+56)       Brisbane 4,248 (+25)       Adelaide 1,340 (-39)       Perth 2,195 (-79)       Hobart 227 (-3)       Darwin 116 (+4)       Canberra 507 (-8)       National 21,646 (+88)                UNITS FOR RENT AND WEEKLY CHANGE     Sydney 9,513 (+76)       Melbourne 6,738 (+50)       Brisbane 2,310 (+70)       Adelaide 375 (+1)       Perth 609 (+11)       Hobart 102 (+3)       Darwin 260 (+16)       Canberra 699 (-41)       National 20,606 (+186)                HOUSE ANNUAL GROSS YIELDS AND TREND         Sydney 2.53% (↓)       Melbourne 3.16% (↓)       Brisbane 3.24% (↓)     Adelaide 3.39% (↑)      Perth 3.84% (↑)        Hobart 3.81% (↓)       Darwin 5.53% (↓)       Canberra 3.68% (↓)       National 3.29% (↓)            UNIT ANNUAL GROSS YIELDS AND TREND       Sydney 5.03% (↑)      Melbourne 5.86% (↑)      Brisbane 5.34% (↑)      Adelaide 5.56% (↑)      Perth 6.61% (↑)        Hobart 4.51% (↓)     Darwin 7.60% (↑)      Canberra 5.71% (↑)      National 5.56% (↑)             HOUSE RENTAL VACANCY RATES AND TREND       Sydney 0.8% (↑)      Melbourne 0.7% (↑)      Brisbane 0.7% (↑)      Adelaide 0.4% (↑)      Perth 0.4% (↑)      Hobart 0.9% (↑)      Darwin 0.8% (↑)      Canberra 1.0% (↑)      National 0.7% (↑)             UNIT RENTAL VACANCY RATES AND TREND       Sydney 0.9% (↑)      Melbourne 1.1% (↑)      Brisbane 1.0% (↑)      Adelaide 0.5% (↑)      Perth 0.5% (↑)      Hobart 1.4% (↑)      Darwin 1.7% (↑)      Canberra 1.4% (↑)      National 1.1% (↑)             AVERAGE DAYS TO SELL HOUSES AND TREND       Sydney 29.4 (↑)      Melbourne 31.4 (↑)        Brisbane 31.4 (↓)     Adelaide 24.8 (↑)      Perth 36.0 (↑)      Hobart 30.1 (↑)        Darwin 40.3 (↓)       Canberra 28.9 (↓)     National 31.5 (↑)             AVERAGE DAYS TO SELL UNITS AND TREND       Sydney 30.0 (↑)      Melbourne 32.2 (↑)        Brisbane 31.1 (↓)     Adelaide 23.4 (↑)        Perth 36.2 (↓)     Hobart 32.4 (↑)      Darwin 42.6 (↑)        Canberra 36.0 (↓)     National 33.0 (↑)            
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American Fashion in Crisis? Not at These Shows

By RORY SATRAN
Sun, Feb 18, 2024 7:00amGrey Clock 4 min

In the 1990s, New York fashion had the Big Three: Donna Karan, Ralph Lauren and Calvin Klein. Of them, only Lauren remains a fashion force. Klein’s brand now only calls to mind Jeremy Allen White in boxer briefs. A recent reboot of the Donna Karan brand, sans Donna, drew yawns. In their heydays, these designers set the fashion agenda for the United States, and to some extent, the world. But in recent years, many have bemoaned the state of American fashion and wondered whether its fashion week should even exist.

Crisis of confidence no more! This past week, several New York designers made compelling cases for a new era in American fashion, one ruled more by a rigorous approach to separates than splashy marketing campaigns. As the luxury industry slows its roll , designers here showed the value of playing it safe, with investment-worthy coats, work-appropriate tailoring and go-everywhere dresses. Of course, in fashion, “safe” might also include sans-pants looks and four-figure shearling coats, many of which were also on display.

“I thought it was a really strong season for New York,” said independent fashion critic Jeremy Lewis. After years of streetwear, irony and everyone wanting to be “extra,” he said, “It’s led to more sober and grown-up clothes.” Lewis, like many of the commentators and retailers I spoke to, named Proenza Schouler as a standout. He said that its “exquisite tailoring” was “relevant to a daily, city-centric wardrobe.”

The new energy around realistic wardrobing was visible in many collections, from downtown darlings Eckhaus Latta and Kallmeyer all the way up to megabrand Michael Kors. On fashion runways, it’s more common than one would think to see unzipped zippers, nipple slips and faulty shoes (or abandoned shoes, which happened at at least two shows). The most successful designers working in New York today—highlighted below—are the ones that are focusing on fit, integrity and a connection to their customer.

Altuzarra’s Calculated Whimsy

For his 15th-anniversary show, Joseph Altuzarra revealed his strongest collection perhaps ever by zeroing in on idiosyncrasy and eschewing influencer culture. To a room of about 100 editors and buyers, he presented unique looks with notes of equestrian culture, harlequin-inspired whimsy and Princess Diana polished quirk. Gabriella Karefa-Johnson, who styled the collection, said that it “felt like the kind of wardrobe we dream to collect over years of our lives.” That mix looks like: a pair of jodhpurs found in an attic; a sweater from Portobello Road; wool joggers stolen from an ex-boyfriend.

“People’s wardrobes are not merchandised,” Altuzarra explained about this way of dressing. “When you walk into your closet, there’s this feeling of eclecticism.” He wanted to emphasize that one-of-a-kind feeling. It’s creating a wardrobe, he said—not of basics but of “preciousness and emotion.”

It’s a strategy that could have a positive effect on the brand’s business, as fashion becomes, in Altuzarra’s words, “more item-driven.” Rather than offering an overwhelming array of options, he said, “I want there to be a unique proposition.”

Proenza Schouler’s No-Nonsense Manifesto

Lazaro Hernandez and Jack McCollough have always made clothes for the women of their own generation, with muses including artist Olympia Scarry, entrepreneur Lauren Santo Domingo and creative director Jen Brill. They’ve followed these women from their it-bag and party-dress days into their 40s . Today, those muses (like many of us) are far more likely to require a bag that holds a computer and a warm coat they can wear for 10 years than a pair of super-high boots to pose in.

Liane Wiggins, head of womenswear for retailer MatchesFashion.com, has told me how crucial coats are to the women’s designer business these days. A good coat can last forever. You can throw it over a simple WFH outfit. It keeps you warm in today’s weird, ever-changing weather. Proenza Schouler’s coats, in hand-sheared shearling, leather and double-face cashmere, are superlative. Hernandez and McCollough describe them as “strong and soft layers of protection.” Which you will certainly need if you decide to try one of the brand’s more risqué sheer-organza tops.

Willy Chavarria’s Character-Driven Separates

Willy Chavarria, who cut his teeth at legendary American brands Calvin Klein and Ralph Lauren, presented a sprawling show, including a short film and staged banquet recalling “The Last Supper,” in a warehouse in Brooklyn. Although his work is categorised as menswear, the show featured models of all genders, and a diverse range of backgrounds. The signature look—broad-shouldered blazers with nipped-ankle pants—would truly work on anyone.

While Chavarria’s collections have veered costumey in the past, this one struck a more wearable note. In his second season of wholesaling the brand, he said he was happily becoming more commercial. His cable-knit sweaters, camel suiting and aviator leather jackets are positioning him as a new-gen Ralph Lauren.

Michael Kors’s Pitch-Perfect Restraint

Although Kors sometimes gets a bad rap for being too commercial, his recent collections have had a smidge of an edge. Much in the same way that Tory Burch has recently gone from safe to cool, Kors is primed to reach a new audience with his canny sampling of 1990s and early 2000s minimalism. Unlike many of the designers that are mining that pared-back period, Kors was actually designing clothes back then. His work for Celine during that period , including straight knee-length skirts, animal prints and simple coats, is finding new lift on the resale market among younger women. undefined undefined So he’s smart to go full Carolyn Bessette-Kennedy for his eponymous multi-billion-dollar business. Shown in the old Barneys building in Chelsea, a temple of bygone chic, his dark skirt suits, pleated trousers and lace slip dresses felt convincing. And 50-year-old supermodel Amber Valletta, bare-legged with a leopard-printed coat and black pumps, is a contender for look of the season.

Sergio Hudson’s Unapologetic Power Dressing

As the Lox’s 1990s rap anthem “Money, Power & Respect” boomed from the loudspeaker, Sergio Hudson’s boardroom babes strutted defiantly down the runway. Hudson, a favorite of Kamala Harris and Michelle Obama, has built a solid reputation on monochromatic dresses and 1970s-inflected suiting. Hudson said that his vision was about presenting “that boss diva that we aim to please.”

This collection, Hudson’s most cohesive in recent memory, made me think that the fashion world hasn’t been taking Hudson seriously enough. Tom Ford, vulnerable after Peter Hawkings’s derivative debut last season, might do well to pay attention to Hudson, with his strong tailoring and unabashed sensuality.

The designer, who had attendees smiling and bopping in their seats, said that he aimed to “bring back the joy of New York fashion week.” And what’s more, “to bring back the great days when New York sportswear was held in high regard across the world. That’s been a bit lost.”



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The cost of friendship: why Australian social circles are shrinking

More than one fifth of Australians are cutting back on the number of people they socialise with

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Australian social circles are shrinking as more people look for ways to keep a lid on spending, a new survey has found.

New research from Finder found more than one fifth of respondents had dropped a friend or reduced their social circle because they were unable to afford the same levels of social activity. The survey questioned 1,041 people about how increasing concerns about affordability were affecting their social lives. The results showed 6 percent had cut ties with a friend, 16 percent were going out with fewer people and 26 percent were going to fewer events. 

Expensive events such as hens’ parties and weddings were among the activities people were looking to avoid, indicating younger people were those most feeling the brunt of cost of living pressures. According to Canstar, the average cost of a wedding in NSW was between $37,108 to $41,245 and marginally lower in Victoria at $36, 358 to $37,430.

But not all age groups are curbing their social circle. While the survey found that 10 percent of Gen Z respondents had cut off a friend, only 2 percent of Baby Boomers had done similar.

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“Unfortunately, for some, social activities have become a luxury they can no longer afford,” she said.

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