Milan has knocked New York off the top of the world's top fashion city list, while Hong Kong and Sao Paulo have waltzed into the top ten, according to an annual survey of top fashion cities. From Reuters:
The list was compiled by the Global Language Monitor, a U.S. based non-profit group that tracks the frequency of words and phrases in the media, on the Internet and throughout the blogosphere.

The world of fashion is dominated by five cities -- New York, Rome, Paris, Milan and London -- but New York had led the list for five consecutive years.
However, this year Milan took the top spot, pushing New York down to second place, followed by Paris, Rome and London.

While Hong Kong and Sao Paulo climbed to the top ten, Barcelona and Miami surged.

"The global economic restructuring has affected the fashion industry just as it has touched everything else," said Millie Loranzo Payack, a director at the Global Language Monitor.

"The catwalks were still crowded through with the lights dimmer, the hype a bit more restrained, and recessionists, of course, thriving."

Here is the list of the top 20 fashion cities with the previous year's ranking in brackets:

1. Milan (4)

2. New York (1)

3. Paris (3)

4. Rome (2)

5. London (5)

6. Los Angeles (6)

7. Hong Kong (11)

8. Sao Paulo (33)

9. Sydney (7)

10. Las Vegas (8)

11. Dubai (12)

12. Tokyo (10)

13. Miami (26)

14. Barcelona (25)

15. Shanghai (13)

16. Mumbai (21)

17. New Delhi (24)

18. Rio de Janiero (30)

19. Berlin (9)

20. Singapore (14)

[via Reuters]