Fashion functions with the purpose of clothing the human body and protecting it from environmental elements.
Arguments that fashion isnt art. It serves as an aspect of commerce and is produced at regular intervals. Arguments that fashion isnt art. At the hands of mass-market retailers like H&M and Macys, it merely becomes a commodity to sell and profit from.
Fashion isnt art Miuccia Prada Marc Jacobs Coco Chanel Karl Lagerfeld
If you call yourself an artist, then you are second-rate.
Oxford Dictionarys definition of art: the expression or application of human creative skill and imagination, typically in a visual form such as painting or sculpture, producing works to be appreciated primarily for their beauty or emotional power.
This definition puts fashion in the same realm as art. While a definitive answer to the question may never be reached and the tug of war between both sides will certainly persist, perhaps its best to think of art and fashion as having a symbiotic relationship two different entities that feed off of one another.