I am an art person. I learn to appreciate things as art to accept them for what they are. I think back to the one "Ugly Betty" episode in which Betty was concerned about Mode using super-skinny models to show off only the fashion and not so much the models themselves. I am really concerened about this issue of if fashion is art or business. I don't delve into deep topics like this. It seems too easy to give an opinion that would ultimately get you on the bad side of someone truly passionate about the issue. I can't guarantee this post is going to get me one billion karma points or 100,000 +rep. I'll explain my views as only I can.
So what do I think about art vs. business? I would point more towards business, and I'll tell you why. The common goal for most designers is to design clothing to clothe men, women, and children. They make clothing not only to keep us warm and clothed, but to also be stylish in what we wear. The style can be casual, romantic, cute, flirty, whatever. The main goal is on business. Now if you're talking business, you're making me assume that the business side of fashion is to simply cash in on customers buying and wearing your products. This is true to an extent. Why do you buy clothing (besides warmth and protection)? It's because you want to have style that expresses you. This is where fashion as an art comes in. Some people just buy clothes to express a creative side and express their creativity through the language of fashion. It can't be spoken, it can't be translated, but there is a medium of communication in wearing a variety of garments together.
Even still, it all comes down to business. If companies and designers can't sell their clothing, the company doesn't last very long. Especially if you are a big-name company trying to remain at the top, it's business. You're trying to sell your stuff so that you can show everybody else just who the best designer is. You can make some of the most stylish and creative fashions for people of all ages and of many body types. It all comes down to business more than art. Is it perfectly fine to think of fashion as art rather than business? Yes it is, but fashion itself still comes down to business more than art often times. Those who make wonderful garments prosper while most others fall flat or go out of business. The real extremes of fashion are more about business and marketing than art. This, speaking as a person who's loved art since childhood. I'm going to buy a garment for artistic value, not so much for helping designers generate revenue. Fashion is art. Success in fashion is business. Trying to market and get people to love certain fashion all comes down to business. And if you're not doing your very best showing your style of fashion is the best, then you won't be in business all too much.
That's just my take. We love fashion for artistic value, but the real extremes come down to business.