The Big Apple is back on top. 

Reclaiming its status as the fashion capital of the world, a title it had held for five years before falling off in 2009, New York City is again the fashion capital of the world. 

Milan had swiped the lead last year in an annual poll, though experts say that neither city should get too comfortable; Asia and Australia are close to bumping both.

"As the global fashion industry adjusted to the new economic reality, New York rebounded to the No. 1 spot it has now held for six of the last seven years," said Bekka Payack, the Manhattan-based fashion correspondent for the Global Language Monitor.

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The list is compiled by GLM, 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. 

This year marks the first time the traditional big five fashion cities -- New York, Paris, London, Milan, and Rome -- did not dominate the global scene.

"This year's list of the top fashion capitals, shows the global fashion industry remaining in flux, with the relative decline of some of the previously leading players and formerly regional players emerging as significant new influences,” Payack recently said.

The biggest movers were Hong Kong, Madrid and Melbourne.

In India, Mumbai gained ground on Delhi, while in Latin America, Sao Paulo continued its dominance over Rio, Mexico City and Buenos Aires. Amsterdam made its debut at number 17. South Africa’s Cape Town came in at 23.

The Top Fashion Capitals

1. New York (up 1 spot from last year)
2. Hong Kong (up 5)
3. London (up 2)
4. Paris (down 1)
5. Los Angeles (up 1)
6. Milan (down 5)
7. Sydney (up 2)
8. Miami (up 5)
9. Barcelona (up 5)
10. Madrid (up 11)

Source: The Global Language Monitor,Aug. 16, 2010