Fashion's Night Out (FNO), the annual shopping event meant for boosting the business of recession-hit retailers, is bidding adieu to the United States of America.
A part of New York Fashion Week since its inception in 2009, FNO, which used to attract reluctant shoppers to the stores in lure of celebrity appearances and free occasional drinks, was an initiative to support the declining sales of retailers who were badly affected from the global economic crisis.
Addressing the media, Mr. Steven Kolb, CEO of the Council of Fashion Designers of America (CFDA), said the yearly shopping festival has now accomplished its purpose as the fledgling sales of retailers have steadily gone up in the past four years with the improvement in the overall economy.
Brainchild of Vogue’s Editor-in-chief Anna Wintour and championed by CFDA, the popular concept had expanded to over 500 US cities and is still being celebrated every year in nearly 30 cities globally.