By New Zealand Fashion Week, a prominent event on Auckland’s fashion calendar, has been cancelled for 2024 due to the prevailing economic downturn and subdued consumer spending. Originally scheduled for August, the event’s owner, Feroz Ali, cited the need to adapt to economic challenges by transitioning to a biennial schedule instead of the annual occurrence.
The decision to skip 2024 comes amidst a backdrop of dwindling consumer confidence and a significant impact on the fashion retail industry, exacerbated by reduced consumer spending. Despite a strong roster of committed designers, the organizers deemed the event financially unviable for this year, lacking a sufficiently robust lineup to sustain a weeklong schedule.
This announcement follows the closure of designer Kate Sylvester’s business after three decades, signaling the challenging environment faced by designers and retailers alike. Retail NZ chief executive Carolyn Young highlighted the tough conditions prevailing in the retail sector, with a notable increase in liquidations compared to previous years.
Acknowledging the economic headwinds, Ali emphasized the need for designers to focus on their core retail business amidst uncertain times. The decision to pause the event also considers logistical challenges such as the closure of the Wynyard Quarter crossing bridge, impacting public attendance and access to the Viaduct Events Centre.
Despite the setback, Ali remains optimistic about the event’s future, citing the successful return in 2023 as evidence of its enduring popularity. Transitioning to a biennial schedule aligns with the industry’s evolving needs and sustainability goals, allowing for a more strategic allocation of resources.
Organizers plan to provide updates on the 2025 schedule in the coming months, with the aim of delivering a revamped and sustainable platform that continues to support New Zealand’s vibrant fashion industry.
