Expensive Fashion Drives Fifth Avenue Yuletide Spending
Prices far above two years ago fuel a luxury shopping surge in Manhattan during the holiday season. Blue chinchilla opera coats, $24,000. Ince stockings, $240. filmy negligees up to $1,000 illustrate a trend where wardrobe costs rise 60 to 400 percent. Shoppers flood shops despite high costs, seeking gifts for wives or daughters amid luxury and prestige.
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Rising costs hit New York shoppers across garments
The piece details steep price increases in coats, stockings, gloves, shoes, gowns, and hats in New York stores. It notes dollar shrinkage to 85 cents, international import costs, and luxury items like beaded bags and jade necklaces at high prices. Sales are rare, with shoppers adapting to scarce goods and inflated values.
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