Red the thoughts of a teenage fashion addict .

Everyone from ordinary families to corporate executives have gotten the hit due to the harsh economic times. Even the top fashion designers have. At first it wasn't such a big surprise to me, but has the economy gotten so bad that some of the world's biggest designers have decided to bow out of next years New York Fashion Week?

Apparently Vera Wang, Betsy Johnson, and Marc Valvo have decided not to have their designs go down the runway next spring in New York. I was shocked at first, and then quite heartbroken when I learned that I won't even have the joy of watching Betsy Johnson's incredible fashion show.

Although some designers aren't going to show at New York this coming February, Fashion Week's schedule and the tents will still be full. Reports have said that many other designers have requested for a spot in the tents who want to be part of one of the world's biggest fashion shows.

As for the designers that have opted out, they have decided to still do a presentation of their collections at their showrooms and boutiques.