Kelly Cutrone - The Future of Fashion

"Here is what I think is the future: Street life and life style. Style is in; fashion luxury, forget it. It's over. Gucci, Vuitton, Hermes ... all those places are really great, go for it. That business exists in a city called Paris, France. That's where that is. Those businesses will continue. Retail business, pretty much over. I think people who sell to retail companies are people who can't afford their own stores. The poor boys — Old Navy, J.Crew, Gap ... they already knew that and aren't wholesaling. Editorial, magazine, we are going to say buh-bye to them as we know them. They will still exist but everything is on the internet."