I ventured into Union Square the other day, a part of the city that some people might call a shopper's paradise. With the hundreds of stores in the Galleria Shopping Center, the department stores, Barneys, boutiques and fast fashion shops like Forever 21 and H&M - it can be overwhelming and I'm generally uncomfortable shopping there. I really prefer well edited small boutiques that are out of the way - tucked into cute neighborhoods far from the noise of big city centralized shopping. So why did I go out there? Gift Certificates. I have gift certificates from Christmas that I should use. But, when I went out to the shops the other day I honestly could not find one thing worth buying (and yes, I realize that I wasn't spending my own money, but still) there was nada, zip, zilch. How could this be? It seemed that every 'cute' item I picked up was overpriced for the quality: cheap construction, cheap materials, and yet expensive. I don't mind spending a bit more money on a good quality item that will last - but even my trusted shops and labels seemed to be cutting corners, but not cost. So I went home empty handed. That was last week.
Then this week I was forwarded the following article...
"The era of falling clothing prices is ending. Clothing prices have dropped for a decade as tame inflation and cheap overseas labor helped hold down costs. Retailers and clothing makers cut frills and experimented with fabric blends to cut prices during the recession.
But as the world economy recovers and demand for goods rises, a surge in labor and raw materials costs is squeezing retailers and manufacturers who have run out of ways to pare costs.
Cotton has more than doubled in price over the past year, hitting all-time highs. The price of other synthetic fabrics has jumped roughly 50 percent as demand for alternatives and blends has risen.
Clothing prices are expected to rise about 10 percent in coming months, with the biggest increases coming in the second half of the year"
You can read the rest of the SFGate article here.
What do you think about this? Do you feel that the quality of clothes is getting worse across the board, and that prices are going up?