Sure, a pair of Loubs can cost upward of $700, when four years ago they rarely hit the $500 mark. And most ready-to-wear dresses hover in the $2,500-$3,000 range.

But when it comes to a skirt from Banana, or a pair of flats from J.Crew, the prices are actually about the same as they were a decade or two ago.

To wit: The average pair of jeans costs just $20, according to market research firm NPD.

Eric Wilson covered this phenomenon for the NYT‘s back in 2008. Now, WWD has revisited the issue, suggesting that as the economy improves, prices of clothes you find at “regular” stores will increase.

“With wage pressures rising in China, raw materials prices climbing and demand beginning to recover worldwide from both consumers and manufacturers, there is a growing sense deflationary pressures could be easing and its opposite might begin to take hold,” says writer Evan Clark.

There’s certainly a major, major discrepancy between the price of luxury goods and the price of low and mid-priced clothing. In reality, the production probably isn’t much different.

However, unlike food or other perishable goods, prices of clothes don’t rise and lower by shipment. To start raising prices at stores like Gap and Abercrombie & Fitch might just anger shoppers. The only way for retailers to get more money out of their clients is to universally raise prices in the way grocers do.

And we don’t think that’ll happen anytime soon. If it does, though, will you start shopping exclusively at big box discounters like Target, or will you save up your money for a dress from Club Monaco?


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Comments [15]

The Rachel Roy girl looks like Sadie Frost.

That's Nina Skye in the RR ad.

Thank you. I know it's not Sadie but Nina looks like her.

Please pick an avatar.

club monaco? ew

interesting article. thanks for sharing!

i'm sorry- as the economy improves? if they will raise prices as it improves they should have cut prices much more than they did to actually reflect the economic shape in which our country found itself

it hurts to have to pay so much for something so fabulous but there are some people who CAN pay those prices, so there's no need to lower them! ouch – still job hunting, but hope to land an amazing gig that will pay for all my fashion obsessions :)

If stores are smart, they will simply broaden their assortment when the economy improves. J Crew could expand their “Collection” line, Banana their “Heritage” line, etc to account for those shoppers who have money to spend again. And all stores should start buying deeper – buying MORE fabric from the mills, ordering more units to be cut at the factories will cut their wholesale price and keep the consumer-end price the same.

I like Target better than Club Monaco, thanks.

Rashaman not everybody needs a lame avatar. chill back.

Good luck to you Jen.

It's definitely hard not having enough money to pay for what we want, especially when it comes to keeping up with the fashion times. I mean, window shopping does get a lot boring when we know we can't afford what we're viewing. :)

let's hope that as the prices grow our income will also grow and keep the proportion

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I am confused by your suggestion that prices be raised universally as that comes dangerously close to suggesting price fixing.

Most of the clothing at the mall and “regular” stores isn't worth it. I think I've learned my lesson and will shop at BR outlet when I'm there because it doesn't matter to me if its in season at the time or not. I also really do like TJMaxx and other retailers that carry designer labels because they have some amazing stuff. I just bought J Brand jeans for $25 (they were on clearance from $60 when they are regularly $158), they have Chanel, Missoni, Valentino, etc at far more affordable prices,so if I am going to spend money on clothing, I'd rather spend it on something nice.

With so many low-priced alternatives, I just can't justify spending money on things I KNOW I can find elsewhere. If most items at J. Crew or BR, etc, were cut by 20% I might feel better about spending money on them, but it always seems that the mark up price is just out of my 'it's worth it' price range!

Designers, while I lust after them, are just simply not practical even if the economy is 'improving'.

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