Memo Pad: Donatella Versace's Feedback... Fashion TV...

Donatella Versace will begin taking questions today from fans of her Facebook page.

As New York Fashion Week closed, Charlie Rose on Friday night spoke with Cathy Horyn of The New York Times, Robbie Meyers of Elle Magazine, Millard ‘’Mickey’’ Drexler of J. Crew and Narciso Rodriguez about the current state of fashion. The discussion covered everything from the economy to fashion publications to the industry’s evolution, finally touching on the suicide of Alexander McQueen.

Horyn said the fashion industry has fundamentally changed, and as a young designer on the scene, “it’s very difficult to get traction now.’’

Drexler said, “When you have huge public corporations that are being managed in fashion, by virtue of that alone, it takes away from what fashion is: it’s small artisans.’’ Drexler sees this as an even larger threat to the creative community on the whole: “Undercapitalized creativity…Picasso never would’ve been successful today because no one would’ve taken his paintings unless he guaranteed them a return,” he said.

Rodriguez concurred, saying, “I think it would be more difficult today [for me] to create a house, to create a brand, when there are so many different new companies…” Today, he said, the “hardest part is the business side…it’s tougher (because) store people are more demanding, stores buy less.” Rodriguez said, “To get the more creative pieces out there, I might have to dress a celebrity for you to see it (beyond the fashion industry).”

All agreed the Internet is having a huge impact on fashion. Given the speed of the Web, Rose questioned the viability of a fashion publication such as Elle, when readers may no longer need a magazine to view runway looks. Myers replied, “We look at how a real woman is going to dress, and how she’s going to take over 500,000 pieces that you see on the runway….We’re going to edit that for her.” Myers also added that Elle is a “media agnostic” brand with a presence in “television, online and an iPhone app.” — Lauren Benet Stephenson

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