Jeans Could Soon Get More Expensive
Blame it on the cotton
No matter how bad the economy has gotten, it's been said that people are still dishing out the dough for nice designer jeans. But now the economy could be causing jeans to get even more expensive. Will people be willing to pay more?
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A good pair of jeans is already pretty pricey. But many people believe that quality jeans are worth paying the extra buck for. But how many more bucks can you dish out for a pair of jeans? It's being forecasted that the price of jeans will soon be going up!
According to WWD.com, the price of cotton has been increasing. In February, it cost as much as $2.44, which is crazy expensive. It has since gone down, but is still higher than usual and could be going back up again soon.
While some designers are being forced to cheapen other aspects of the jeans, like using less expensive hardware or outsourcing their labor, others are offering the same quality product and raising the prices. What would you rather?
Levi's is one designer opting for the price increase over a cheaper product and they say, "We face an unpredictable cotton market and unpredictable consumer response to rising prices... We took selective price increases on Levi's spring 2011 men's product. Those price increases are still working their way into the market, and the long-term impact to consumers' shopping habits has not yet been determined."
Read: Will the Price of Denim Jackets Rise, Too?
Of course the price increase won't be incredibly dramatic, but it might still be noticeable to you if you're used to paying a certain price for your jeans. Are you willing to pay a bit more for a pair of jeans? Or would you rather designers cut costs in other ways?