When the American economy took a nosedive in 2008, now known as the "Great Recession", economists and analysts made predictions on the projected values of consumer goods for the coming years. Luckily for us Drobers, "High End Fashion" has remained largely untouched by the recession, just as those analysts predicted.
Worldwide, brands like Gucci, Prada, and Versace have shown burgeoning sales while other consumer goods have dropped dramatically. As the stock market and home prices continue to rise, and unemployment begins to fall, Americans are spending more money.
In early 2013, Hermès International reported a 21% increase in sales in the Americas for their fourth quarter. This trend continued with brands like Tiffany and Cartier, which makes us very happy Drobers to know that our favorites in fashion are alive and well, and definitely here to stay.
The impact of high end fashion isn't just on the runway and in your DROBE, as Mercedes-Benz Fashion Week in New York City brings in 850 million annually, and that's nothing to laugh at. We could buy a lot of dresses with that. A lot.
Though this trend is expected to slow down, it still means that these high end brands are safe from the recession, and that they will continue to provide us with beautiful clothes and a style to die for. Maybe it's because their names precede their brands, or maybe its because their clothes are just that good. Either way, we at myDROBE are ecstatic.
Check out these styles at myDROBE and get DROBED!
With Style,
Your MyDROBE Team
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