|I had to google "Hilfiger Vintage" to find this.|
However, the title has more to do with timing than absolute truth. This quote encapsulates the era Agins recounts: "Glamorous as they are, fashion shows are fairly low-voltage to the general public, who will probably never see a tape of an Armani runway show." (p 152). Thank you for that prediction, Professor Trelawney.
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With the rise of the Internet, the top-down model Agins writes about no longer became the only paradigm. Designers, department stores, and fashion magazines have by no means lost their influence on fashion (as evidenced by the awesome "cerulean" monologue in The Devil Wears Prada). But what used to be "street fashion," which certainly had some influence in the past--though mainly as it was coopted by movie costume designers and the fashion industry--became fashion blogging, and far surpassed the IRL version in terms of influence.
As fashion became democratized, couture became no longer the stuffy province of the ultra-rich old money and ordinary people could get excited about and participate in fashion in a way that has not been possible at any other time in history. Someone with a strong point of view could go from being a random teenager in the midwest to seated in the front row at a runway show (or so we like to imagine).
In addition, business people started to take over the business end of fashion. Whether LVMH's ownership of a huge swathe of the luxury fashion brands is a good or a bad thing, it has meant that fashion houses have managed to stay afloat and continue to offer couture eye candy.
Of course, nothing is static. The new fashion hegemony seems to be that fashion bloggers are sponsored and branded and all strive to be sponsored by (and feature) the same clothes, so there is less of a richness of fashion point-of-view and the designers/marketers are back on top in deciding the Next Big Thing. However, I'm not going to go as far as Teri Agins and predict the end of fashion. Humans will always have a keen interest in adorning themselves, regardless of how low the trough seems to have dipped.