Old Navy Makes a Really Big Promise to Families and Fashionistas [TheStreet.com]
FAST RETAILING UNSP/ADR (FRCOY)
NASDAQ:AMEX Investor Relations:
fastretailing.com/eng/ir
Company Research
Source: TheStreet.com
Inflation is hard and the is no exception — prices for the average clothing items from May to June and 5.2% from 2021. While this is lower than the 9.1% last month, the rise in clothing prices is being felt both by fashionistas and individuals who have large families to dress. Long considered the cheapest option for new clothing, fast-fashion brands like H&M ( ), Inditex ( ) 's Zara and Fast Retailing's Uniqlo have all to make up for the rising cost of materials, labor and shipping. How Much Did Those Jeans Cost Three Months Ago? For many, the most frustrating part of rising prices is the way they often seem to as a surprise — some companies have raised prices more than once in the course of a few months, leaving some to find that the rain jacket they put off buying jumped by a few or more dollars after just a few weeks. Against this backdrop Old Navy has committed to not raise prices on any of its denim products from July until the end of September. Old Navy, a subsidiary of Th
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