"“We as a business cannot afford to have a customer take a second look and ask, ‘Do I need this?’ ” said Bud Konheim, the chief executive of Nicole Miller. “That is the kiss of death. We’re finished, because nobody really needs anything we make as a total industry.”"
above is regarding the cautious pace at which consumers are now approaching fashion purchases in this article from the NY Times that touches on the disparity between mid-level fashion actually decreasing in price since '98 and luxury goods skyrocketing and what this all means to the consumer and from an economic standpoint.
if you can clearly explain when asked by any drunk or even a blindingly sober person who is more familiar with KFC than WWD, after explaining what you do for a living, why fashion apparel costs what it does then this article is no big whoop. the slideshow noting the items that have decreased in cost (lacoste polos) stayed the same (brooks brothers suits) or neglagibley increased (calvin klein underwear) is interesting as well, but mainly read it for more choice quotes from Bud Konheim up there.
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