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Yup. Clothing has been a famously high-margin business since long before the internet, though. Like > 70% margins being normal for department stores, IIRC. Whi
by iguy 7y ago
Yup. Clothing has been a famously high-margin business since long before the internet, though. Like > 70% margins being normal for department stores, IIRC.
Which does not imply the rest is profit, of course (since all the competing stores do the same). More like that they threw half of it out at the end of the season.
- madengr 7y agoI buy pants at Costco. Their $20 Kirkland brand pants last for years. JC Penny used to have a factory outlet here where I could buy XXLT polos for $6. I bought several years worth before they shut down. My wife has an embroidery machine, so I get custom shirts. I have a yellow, red, and blue set of polos with Star Trek insignias, a Smith Chart, radio circuits, etc.
- iguy 7y agoYea I bet those don't have 70% margins. I also bet you know which size to buy when you go back the next year, instead of having to figure out again what shape everybody is making jeans this year.
- Marsymars 7y agoI pay about 100% of the purchase price of shirts at Costco to get them tailored. The economics feel weird, but I haven’t found a better overall deal on everyday shirts for work.