What is so enduring about Ladies Day and the best dressed competition at races?

The Galway Races have been on all week and today is undoubtedly the most famous and busiest day of the festival due to it being Ladies Day. But why are events like Ladies Day or best dressed competitions at races so popular and so enduring?  Andrea was joined by Laura Mullett, Stylist and Blogger, Carol Kennelly, from Carol Kennelly Millinrey Tralee,  and by  Bairbre Power, Fashion & Lifestyle journalist, Best Dressed judge at the Dublin Horse Show to discuss this.