It appears, like everything and everyone, it does.
If you're interested, hop over to The Budget Fashionista for a post pointing to MSN for a brief (and I do mean brief -- but after all it is fashion) history of NY Fashion Week.
Even more interesting is the slide show that accompanies it -- interesting to see how styles literally go round and round (Check out the pic from 1979 of Gloria Vanderbilt's jeans - skinny jeans anyone?).
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