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(Studio: Connie Chung) Report introduced.
(New York: Jacqueline Adams) The fashion industry and the recession featured; scenes shown of haute couture fashions. [Retail industry analyst Terence McEVOY - comments.] Move by high fashion designers to attract customers with lower prices outlined. [Fashion designer Donna KARAN - comments.] Designer Giorgio Armani's attempts to reach the Gap market explained. Financial troubles at retailing giants and financial successes of factory outlet malls and specialty shops reviewed. [Three SHOPPERS - talk bargains.] [Shop owner Carol EGIWIART - says you have to be "lean and mean" to survive.]
- Adams, Jacqueline;
- Chung, Connie
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