Patt Morrison for September 15, 2009

Fashion Faces Paradigm Shift

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Models wear creations by designer Pamella Rowland during the Spring/Summer 2010 collections Mercedes-Benz Fashion Week on September 15, 2009 in New York. AFP PHOTO/Emmanuel Dunand (Photo credit should read EMMANUEL DUNAND/AFP/Getty Images)

The world of fashion is facing a major challenge. No longer can the elite arbitrate style and taste, as the internet brings cheap chic and fast fashion to legions of consumers. Can this $300 billion business stay ahead of the curve?


Freddie Leiba, fashion consultant; he was also a guest judge on Project Runway

Tina Gaudoin, editor of the WSJ. magazine

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