Here is Part 2 of my summary of the last decade. Click here for Part 1.

New Blood in the fashion industry and on the catwalks. Images from Style.com

Christophe Decarnin for Balmain.

Tomas Maier for Bottega Veneta.

Christopher Bailey for Burberry Prorsum.

New designer Gareth Pugh.

Ricardo Tisci for Givenchy.

Alber Elbaz for Lanvin.

New designer Marios Schwab.

New designers Rodarte.

New designer Giambattista Valli.

Stefano Pilati for Yves Saint Laurent.

New designer Zac Posen.

Nicolas Ghesquière for Balenciaga.

And I am not forgetting Jonathon Saunders, Proenza Schouler,  Alexander Wang, Philip Lim, Richard Nicoll, and many others (including revivals of Halston and Ossie Clark.) In fact, when I was researching this post, I realised that in Fall 2002, Style.com showed 114 designers’ catwalk collection on their website. For Fall 2009 the number was up to 262.

A New Retail Perspective resulted in an shopping evolution, or revolution.

Dover Street Market in London.

Dover Street Market, considered one of the “best” stores in the world, opened on London’s Dover Street. Curated by Rei Kawakubo from Comme des Garcons, the store continues to innovate.

Primark’s first central London location had people queuing over an hour to buy £1 tights and £3 t-shirts. Dubbed “Primani”, the store continues to attract crowds and has not felt the recession as badly as most high street retailers.

A new retailing concept: The Pop-Up Store. A temporary retail space, opened for a short period of time, sometimes with a limited edition product. This one is a pop up for Louis Vuitton’s collaboration with Rei Kawakubo from Comme des Garcons for a collection of handbags.

Net A Porter changed the way consumers shop for luxury online.

ASOS (As Seen On Screen) started as a site selling copies of celebrities outfits, but as turned into one of the largest, most-successful multi-brand online retailers.

Gilt Groupe is one of the many discount luxury retailers thriving in the recession.

American Apparel sold basics tees with a new angle: using sleazy and sometimes pornographic images to sell a product made in the US in factories where workers had holiday and sick pay.

A Decade to be Forgotten. How many of these fashion trends do you look back on and smile, or cringe? (in no particular order…)

Kate Moss wearing gladiator sandals, first seen at Balenciaga.

Luxury denim, aka the $300 pair of jeans. These ones from Rock and Republic.

Lingerie becomes fashionable again, thanks to brands like Agent Provocateur.

I remember when there were one hour lineups outside the Birkenstock store.

Bling: a trend I definitely did not embrace.

Nu Rave. The worst trend of the 00s. What were they thinking? This look by Cassette Playa.

The IT bag: Chloe Paddington anyone?

and we certainly cant forget the Motorcycle bag by Balenciaga.

The new IT bag: The IT shoe. From top to bottom: Manolo Blahnik, Jimmy Choo, and Christian Louboutin. I think we have Sex and the City to thank for this.

On second thought, Crocs were definitely the worst trends of the 00s, with Nu Rave coming in a close second.

Not wearing pants. A Lady Gaga phenomenon, lets hope this one doesn’t last. Image source.

Leggings. These ones by American Apparel.

Boho, Hippie, Hobo, whatever. A look that kept on giving. Sienna Miller image from Dave Hogan/Getty Images.

Skinny jeans helped us to discover the muffin top. These ones by Topshop.

Maybe it was a decade of really bad shoes…. But unfortunately we still haven’t seen the end of the Ugg boot.

Wellington boots by Hunter. Remember when there were for farmers, not festivals?

If anyone had told me that a company would make millions buy selling velour jogging suits, I would have never believed them. Nauseating.

The Birth of the Recessionista and the credit crunch will probably be one of the defining events of the last decade, even though it took place at the end. The losers were the big luxury brands that didn’t have a strong brand identity, hedgefund managers, department stores, anyone selling cars or furniture, and the millions who ended up unemployed and homeless. The winners were the discount retailers, online retailers, anyone selling an education, and MacDonalds.

Susie Bubble as a Recessionista.

Catch Part 3 of 3 “Remembering the Noughties” posts tomorrow!

All images from the brand’s or person’s website, except all catwalk images from style.com, unless otherwise noted.