LOS ANGELES, Calif.–For the second year, Mayor Antonio Villaraigosa asked Angelenos to open their wallets for one night–next Thursday–to support the city’s fashion industry and give the city a small boost in sales tax revenue.
Villaraigosa said he is putting city resources behind “Fashion’s Night Out” on Sept. 8 from 6-10 p.m.
The global event to celebrate fashion and spur consumer spending will also take place in 17 other countries, including China, India, and Brazil.
About 200 retailers from Abbot Kinney in Venice to the Beverly Center to the Fashion District downtown will participate by holding fashion shows, offering discounts and giveaways and hosting designers. The event is smaller than last year’s, when an estimated 300 retailers took part.
“‘Fashion’s Night Out’ is about restoring consumer confidence and sending more Angelenos to malls and independent retailers in every pocket of our thriving, diverse city,” Villaraigosa said.
He said the fashion industry is a huge part of the city’s economy, generating about $5.7 billion in sales annually and employing about 120,000 Angelenos.
“For each $10 you pay in sales tax, the city gets a buck, and we can really use those dollars,” Villaraigosa says in a promotional video for the event.
He said sales tax revenue is the fifth largest source of income for the city’s general fund, which pays for basic city services like police, firefighters, libraries and animal services.