NEW YORK — With the dollar tumbling to new lows against the euro, Italian clothing makers exporting to the U.S. are having to make an unenviable choice: Either increase retail prices or pinch their margins. But as Europe’s luxury suit makers prepare for a squeeze this coming fall, another group is celebrating—the Americans.
For the handful of tailored clothing manufacturers still based in the U.S., the slumping dollar is helping keep their prices steady, while their counterparts across the pond are raising prices by as much as 15 percent—a reality the Americans hope will make their products more attractive to consumers.
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