July 2018 Price Rises….

[rocket]

fully understandable

[organisys]

Shame, but that's business…have to take the rough with the smooth sometimes.

[DrPat]

@Giles:

• Japanese domestic demand has plummeted

Does anybody in the international fashion industry have more info regarding this?  Have Japanese tastes shifted away from workwear and high quality goods?

[Giles]

They've gone fast fashion crazy…....

[mclaincausey]

I don't know what fast fashion is, but I do think the Pacific rim at large has gone nuts for techwear.

[Omega Man]

Fast fashion - cheap and on trend, I get to wear it now and throw (I mean give) it away when I am done.

[DrPat]

@Giles:

They've gone fast fashion crazy…....

Are people really switching from IH to fast fashion?  I would have expected them to have completely different customer bases.  Also, stores like Uniqlo have been around for quite a while.

[Giles]

I am merely telling you what is happening.  The bottom has fallen out of the heritage market in Japan.

[gaseousclay]

Thanks for letting us know @Giles. Are we talking a 20% increase then because of the increase in labor costs?

[Giles]

Some prices will actually go down, many will stay the same, most actual increases will be under 10%, the highest is 16%.  But remember, very little of our recent releases (or FW18) will be affected.

[Dion]

I remember when entering the IH rabbit hole for the first time a couple of years ago the gear was actually way more expensive than it is now.

[manufc10]

Completely understandable and greatly appreciate the info and transparency.  IH will pull through, let's do this!  Sad to see some other brands potentially falter though.

[tvenuto]

Thanks for the info. The internet age is a double edged sword. Enabling both hyper fast trends, and yet also a strong community of people who value quality. Happy to be part of the latter.

[BloodnThunder]

I just appreciate the fact IH is upfront with the change.  A vast majority of brands would not let their customers know a change was coming and would simply let them find out for themselves when they go to buy something.

[gaseousclay]

@BloodnThunder:

I just appreciate the fact IH is upfront with the change.  A vast majority of brands would not let their customers know a change was coming and would simply let them find out for themselves when they go to buy something.

Same. I noticed several other denim brands had increased their prices in the last year but I didn't notice the increases until I saw their stuff up for sale via online stores. Didn't notice them advertising the increases either

[spitfiredealer]

Yeah thanks for being upfront about it G. Would rather we have to pay a bit more than you guys go under and I lose the best clothing brand

[jules]

^^^ totally agree !

[xtcclassic]

^me too. I can’t even bear to think about a world with no IH.

[joesaintjohn]

This transparency is one of the things that makes you guys so special. #respect

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