A denim bubble?
Permalink | August 16th, 2005“They say they love my ass ‘n, Se7en Jeans, True Religion, I say no, but they keep givin’” -The Back Eyed Peas
According to analysts the denim market is about to burst at the seams, and they’re not talking about Apple Bottoms. The latest prediction in the who-can-call-the-next-bubble game seems to be the fickle denim market, propelled by hot celebrity asses in tight jeans.Slate Magazine reports:
Jeff and Kymberly Lubell, the husband-and-wife team who run True Religion and own more than 40 percent of the company’s stock, should enjoy this while they can, because there is a denim bubble, and it looks like it’s about to burst.
…
Though Alan Greenspan has yet to warn of “froth” in the pricey denim market, several analysts have been cautioning about a jeans glut since the beginning of the summer.
The analysts must be bored.
[thanks Ben]
