Despite a soft economy, fashion brands are still launching high-end goods that command prices of $10, 000 and beyond.
With all the concern over consumer spending, inflation, and soaring gas and oil prices, many consumers are scaling back. On one hand, Apparel Search is hearing about a return to the classics and "seasonless" collections that can effortlessly allow fashionistas to move from one season to another. On the other hand, we're hearing about over-the-top excessive luxury items that boast 5-digit price tags.
Trend-driven retailer H&M, which is renowned for its inexpensive, disposable goods, has taken another approach to fashion with the opening of its London-based store, COS-Collection of Style. Rather than focusing on fast fashion, this retail destination sells high quality items at ground level prices. COS believes that fashion inspiration is no longer an elitist affair, and offers a collection that fuses fashion essentials with re-invented classics and cutting-edge trends. Styles range from cropped blazers and skirts to polo shirts, skinny pants, and cocktail dresses. Again, quality is paramount and these styles are designed to remain in the closet season after season.
You can read the full article on Apparel Search at the Luxury Fashion Spotlight 2008