My friend Emme and I often get into very heavy discussion about a very fluffy subject: the fashion industry. And we've been chatting about the cost of clothes more than ever. I am obsessed with two winter coats this season, both of them terribly trendy, and both of them upwards of $700. Now, I would certainly justify buying a pricey coat if it was a long-lasting piece. After all, you wear it daily and it's a necessity. My handbag, for instance, was a little pricey but I've worn it nearly every single day for the last three years (it's a Jas MB, if you're wondering).
But neither of these coats are lifers. My decision? A very fashion forward coat from H&M at a very doable price: just $90 (with a 30% coupon).
As high-fashion costs skyrocket, prices at mid-level retailers are creeping up as well. A winter coat at APC, which ran $300-$400 dollars a couple of years back, is now upward of $600. Urban Outfitters is selling dresses for $400. And an approachable designer like 3.1 Phillip Lim, lauded for being affordable, is now selling dresses at $1,000+. Heck, even H&M's prices are going up. With the threat of recession, will retailers bring the prices back down?