Fashion in 1988 was the strong comeback of trousers that were featured in high fashion collections, from Calvin Klein and Giorgio Armani. Yves Saint Laurent was in, what some considered, a slump when he released what was arguably his best collection in 1988. Lacroix made bubble skirts that very popular for a moment. Armani set the pace for soft-tailored suits. Ralph Lauren, Calvin Klein, Louis Dell’Olio and Donna Karan all softened their look. Geoffrey Beene celebrated his 25th year in the fashion industry. During a six-week retrospective honoring his career, his clothes were displayed on mannequins as art.
In the spring of 1988, Chanel introduced a handful of suits with long, narrow, elegant skirts. The next month Donna Karan released some summer dresses with hemlines that ranged from the knee to the mid-calf. Sales were down in 1988, with most retailers blaming either the stock market crash or the fad that was the miniskirt.