Originally Posted by fashion_newbie
I think he has a valid point. He isn't saying $1,000 shoes will disappear but that market for high end shoes which had grown in the last few years will slow down.
Many consumers of $800 shoes will step down to $200 shoes for a while and that is where he believes J Crew will try to position themselves.
We will see a lot of boutique shoe and clothes makers close shop in the next year as their market dries up.
I don't think that was his point, exactly... I took it that he was talking about higher-end "designer brands" - those items that are really worth about 1/5th what they charge but get more because of the label.
I HAVE to hope he wasn't including hand-made/craftsman quality clothing where price is more, though not entirely, a reflection of the artisan experience and handwork.