Here's a snippet of his comments.
"With Target, for example, you go in there and find something that is a great price and wonderful for its intrinsic value. This is democratization of fashion. I love this high-low concept," he says, adding: "There is all this accessibility -- everything is now online."
Signs of Cheap Chic as spotted by the WSJ:
*$69 frocks from designer Vera Wang, who usually makes red-carpet gowns (at eye-popping prices) for celebrities.
*The expansion of upscale designer names at low-priced stores such as Target and Wal-Mart
* The popularity of high-fashion at low-ticket vendors such as H&M
My own insights:
Designer fashions are often wildly overpriced. There's a huge price difference between the cost of production and store price tags. Marketing and Advertising usually add to the price tag. I wrote about that subject in this article for the Budget Fashionista.
The Frugal Duchess Boutique