"There is only resistance to high price when the prices on a relative basis seem out of line," said Gold of Bergdorf's. "With the weakness of the dollar, it has made it incumbent upon us when in market to be very judicious about what we're buying. We ask ourselves, 'If we will buy a $1,500 dress, how will it stack up to other $1,500 dresses, or how will a $5,000 dress stack up to other $5,000 dresses?' The product gets scrutinized to a much greater degree when prices in general are rising."
He cited top sellers this season as "Lanvin, Balenciaga, Manolo Blahnik, Goyard and 3.1 Phillip Lim. In the case of those collections, we are getting extraordinary across-the-board selling."
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"