Millard Drexler, CEO of J. Crew, says if you are selling clothes in this economic climate, you first have to decide whether you are selling products as a commodity or as something more--"style, design," for example. If you are selling a commodity, price will dictate behavior. Consumer behavior in the fashion market, however, creativity comes into the equation. Drexler was part of a panel of leaders in the fashion industry who joined Charlie Rose to discuss, among other topics, how designers are responding to the economic downturn. Here's an excerpt:
You can watch the full interview here.
Posted
02-24-2010 7:42 AM
by
Graham Griffith