Source: Composite image by G_marius based on 401(K) 2012 and Kris Krug's images
Fashion has never been as expensive as now. Luxury retailers say prices have risen 25 to 50 per cent over the last five years. Exclusive products and accessories often reach extremely high prices. However at the same time fashion has never been as democratic as today. The number of people in the world that can afford fashion products has also grown. Innovation, originality, new materials and variety of choice are some of the arguments used to justify the high prices. Larger margins, promotion costs and the high fees of star designers may be other reasons for such increases.
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Is fashion worth the high price?
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