Sunday, August 31, 2008

"Flex your buying power"

"SINCE 1998, the price of a “Speedy” handbag — the entry-level style at Louis Vuitton — has more than doubled, to $685, indicative of a precipitous price increase throughout the luxury goods market. The price of Joe Boxer’s “licky face” underwear, meanwhile, has dropped by nearly half, to $8.99, representing just as seismic a shift at the other end of the fashion continuum, where the majority of American consumers do their shopping."

http://www.nytimes.com/2008/05/29/fashion/29PRICE.html?_r=1&pagewanted=print

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