Elaine Stone interview, 1995 March 1, 1995 March 1

Elaine Stone, a professor in the Fashion Buying and Merchandising Department (FBM) at the time of this interview, also served as the coordinator of the Small Business Center and the director of the Center for Global Enterprise. She talks about her first encounters with FIT students while working at various department stores during the holiday season and her invitation to speak at the school. She was immediately taken with FIT and began teaching in 1975 after meeting Newt Godnick of the FBM department while they were buying for major department stores. She discusses the challenges of teaching and describes the close-knit nature of faculty/student relationships at FIT. She worked closely with the Taiwan Textile Federation while at FIT; and her deep international experience led her to help found FIT-affiliated programs such as the National Institute for Fashion Technology in India, Caricom in the Caribbean, Polimoda in Italy, and Shenkar College in Israel. She discusses the founding of the Small Business Center thanks to a faculty retreat put on by Marvin Feldman. With the support of Jeannette Jarnow, the FBM did a survey of alumni and found that 85% owned their own businesses, meaning there was a large gap in the department’s curriculum. What began with a class in business management became a huge cross-department program with federal grants supporting initiatives such as the Women Business Owner’s Association and the Export Assistance Service Extension. Stone describes how the center has also allowed for students to attain international internship experience and discusses linkages with national economic development associations. Stone penned three books during her time at FIT: Fashion Merchandising, Fashion Buying, and Exporting and Importing Fashion. She says a little more about her professional background and then finishes the interview with a ringing endorsement of FIT and her hopes for its future.