Caitlin Stewart, a personal stylist of more than 20 years, says her clientele of professional women often tell her: “I used to know exactly where to shop, but now I don’t know where to go.” Stewart points to a gap between very youthful fashion, activewear, generic casual clothing and expensive designer labels.
The collapse of Cue and Veronika Maine, once titans of corporate womenswear, follows earlier exits or restructurings at Dion Lee, Seafolly and Betts Shoes. The article notes that every end of the market has been bruised, from runway designers to high-street retailers.
Australia’s online fashion spending of $11.6 billion, cited from Australia Post’s latest e-commerce report, reflects a shift in shopping habits that has accelerated the changing of the guard in shopping strips. Many established professional women feel caught between extremes, Stewart said, describing the situation as a “real gap” in the market.