'Never buy anything that's on sale. That's always junk. You're just buying it because it's cheap.' —Isaac Mizrahi, on surviving the recession

'If the industry is to survive, we can't work in a self-feeding, inward-looking circle of the privileged. We must look wider than that. I love floaty gowns on a catwalk, but we need more than that if fashion is to be relevant.' —Stefano Pilati, creative director, Yves Saint Laurent

'It's a bit like the feeling of your parents breaking up when banks fail. It makes you feel insecure.' —Anya Hindmarch

'Excessive shopping is out. There is way too much...

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