The world of high fashion has been hit hard by recession and changing lifestyles, and nowhere harder than at Vogue and Harper's Bazaar, the glossy magazines that glorify it. Advertising pages this year are down alarmingly from 1970 in both—24% at Vogue, 26.5% at Bazaar. Clothes no longer necessarily make the woman, and the era of grande dame editors as arbiters of fashion has ended. It closed last week with the resignation of Nancy White as editor in chief of Harper's Bazaar after 14 years of trying to shape tastes for the with-it and...
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