New York Times article in today’s Fashion & Style “When High Price Is the Allure”:

At Saks Fifth Avenue in Manhattan last week, Jessica Lee darted among the racks, gazing avidly at a champagne-colored Miu Miu cocktail dress, scarcely bothering to look at its $1,250 tag. “Fashion’s gotten more expensive,” Ms. Lee said, a fact as inevitable, and untroubling, to her as the tide.

“The economy is good,” said Ms. Lee, who works for a private equity firm in Manhattan. “I’ve made a lot more over the past year than before, and so I have more purchasing power.”