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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (14705)	12/1/2002 2:59:50 PM
From: Lizzie Tudor	Respond to of 57110

are people really this desperate? Well, yes, I think they are. LOL. Actually I have a theory on at least some of this rampant buying. I think it is fueled by price decreases... not of the "in store special" variety (although razor-thin margins at retailers add to it, for sure)... but the current shift to outsourcing production which is showing up in pricing from say, where prices were 5 years ago. The point being, part of this buying might be a one-time event. There's only so far outsourcing will take you price-wise. This weekend I came across cashmere sweaters. When I was in college 15 years ago you couldn't touch a cashmere sweater under $200, and those were the cheap ones. Today- you can go to a highend scottish store and pay $500 for a really beautiful cashmere sweater- the same price as 1988. But now, you can go to Bloomingdales and they have some for $59.!!... not the top of the line but not terribly junky either, sort of a mid-grade... and this is before xmas too... I bought 3. I would not have bought these 3 sweaters had I not remembered how much they "used to" cost. They are obviously sourcing these from Bangladesh or somewhere. Lizzie