Wednesday, December 20, 2006

The Daily Mall Reader: Clothing Prices

A daily dose of mall-related reading...

The Climb in Clothing

TIME Magazine - Monday, Dec. 3, 1973

(Excerpt) On top of the rising costs of food, gasoline and rent, inflation-riddled Americans now have still another worry. As the Christmas shopping season begins, prices of clothes and most other textile goods are climbing. A man's cotton dress shirt tagged $12 a year ago is selling for at least $14 this holiday season—if the shopper can find what he wants at all.

An all-silk necktie that went for $7.50 last year is now $12.50. At Manhattan's Saks Fifth Avenue, men's wool suits that sold for $280 earlier this year now cost $310. Presaging a further rise at the retail counters, wholesale apparel prices in October rose 1.7%—the biggest monthly jump since the Korean War year of 1950.

Read the full article here.



2 Comments:

Anonymous Anonymous said...

Ha! And do you know what a typical men's wool suit would cost you NOWAWDAYS at Saks Fifth Avenue? Heh, it's a lot more than 300 bucks! :D

Wed Dec 20, 04:38:00 PM  
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