As the U.S. economy continues its weaker state, the European economy is doing well and that difference even trickles down to the price of Italian suits in the U.S.
The spike in cost this season is expected to be anywhere from 5-25% compared to last spring. Although most of the price increase can be attributed to the stronger Euro and its impact on American customers, the innovation behind creating new suits as well as their production is also contributing to the cost. The young, up-and-coming, six-figure men will be the ones most affected causing the industry to rely considerably more on the older, multi-millionaire types to pick up the slack in sales. But when it comes to a power suit, for any man in business, who can put a price on something that makes you feel like a winner.
Reader Comments (Page 1 of 1)
Jacqueline Mar 9th 2008 6:59PM
I have a feeling that those who balk at the prices of European-made suits might turn to other areas of the world instead of purchasing off the rack (after all, once you go bespoke....).
For instance, there are a lot of amazing tailors based in Asia that cover lots of major cities - and one of them, Raja Daswani of Raja Fashions out of Hong Kong, even made 3Luxe's top three: http://www.3luxe.com/best_ofs/Men's_Bespoke_Suits/Raja_Fashions - and their rankings take tailors/labels from all over the world into account.