Here's how much prices are rising across fashion industry
CNBC Televisionยท2025-11-03 15:15
Price Trends in Fashion Industry - Fashion industry is experiencing higher prices across all categories, including jackets, outerwear, dresses, bags, and accessories [1] - Average prices across fashion are $17 higher this year compared to last year [2] - Jackets and outerwear have the highest price increases, approximately 24% higher year-over-year [2] - Swimwear has the lowest price increase, approximately 2% higher year-over-year [2] Impact of Tariffs - Companies are facing higher costs to import and manufacture goods due to tariffs [3] - Companies are passing increased costs onto consumers to protect their profit margins [3]