Fashion week organisers say they will meet designers to try to protect its future.
The event kicks off tomorrow night with one of the smallest line-ups since it started more than a decade ago. The number of international buyers in attendance has also dwindled.
Many designers struggled to afford the Fashion Week fee, up to $24,000, for just a few minutes on the catwalk.
"The writing is on the wall," said Paul Blomfield, chairman of Fashion Industry New Zealand, which represents local designers.
Already, organisers reveal they have called off next year's Fashion Festival, an autumn event that is open to the public.