Ever seen clothing prices actually rise? “Not a chance!” you say? Oh, yes there is, says industry analyst Todd Slater. “We’ve seen more than 15 consecutive years of price deflation in the apparel industry,” he tells The Post. “It looks like that party may be over.”
Slater’s comments followed a warning from apparel giant Jones Group that the rising cost of manufacturing, shipping and raw materials is squeezing margins, which can only mean one thing: higher prices. What sort of numbers are we talking about? A 5% rise over the next five years, says Slater. Do you care?
Heck, maybe it’s a good thing. In the words of Benjamin Harrison — just republished by our friends at Put This On — “I pity the man who wants a coat so cheap that the man who produces the cloth will starve in the process.”