https://padlet.com/s10192896/tq3fpss0n1b3 SUPPLY AND DEMAND IN STREET WEAR en-us 2019-05-14 17:20:40 UTC 2025-10-30 15:41:52 UTC hello@padlet.com https://padlet-uploads.storage.googleapis.com/381381856/f8d4586a815b9c36c52c2af64ee9f240/1200px_Supreme_Logo_svg.png s10192896 https://padlet.com/s10192896/tq3fpss0n1b3/wish/360021172 2019-05-14 17:30:54 UTC https://padlet.com/s10192896/tq3fpss0n1b3/wish/360021172 s10192896 https://padlet.com/s10192896/tq3fpss0n1b3/wish/360417315 Supreme is a very popular street wear brand that features special limited edition apparel that retails for $100-$300 but sold at resale value of $4.5k for a simple box logo hoodie. ]]> 2019-05-15 16:05:02 UTC https://padlet.com/s10192896/tq3fpss0n1b3/wish/360417315 s10192896 https://padlet.com/s10192896/tq3fpss0n1b3/wish/360419941   Demand and supply in the fashion industry is increasingly prominent, as you can see from brands such as Supreme. The low supply of stocks for each apparel drives a higher demand for their goods.]]> 2019-05-15 16:09:38 UTC https://padlet.com/s10192896/tq3fpss0n1b3/wish/360419941 s10192896 https://padlet.com/s10192896/tq3fpss0n1b3/wish/360420386 With brands like Supreme, the company creates an artificial lack of supply by creating products purposely hard to get a hold of, additionally their products are kept in high demand by very limited releases. Hence this makes their products seem limited edition products to drive up the demand. Therefore customers are willing to pay more for these so called limited edition products, allowing them to inflate their prices. ]]> 2019-05-15 16:10:30 UTC https://padlet.com/s10192896/tq3fpss0n1b3/wish/360420386 https://padlet.com/s10192896/tq3fpss0n1b3/wish/370104119 The average price of supreme shirts range from around $90 to $1400 these can only be bought from Supreme stores  and re-sellers.]]> 2019-07-03 15:28:51 UTC https://padlet.com/s10192896/tq3fpss0n1b3/wish/370104119 https://padlet.com/s10192896/tq3fpss0n1b3/wish/370105742 Consumers also have the option to buy shirts from other competitors of Supreme such as A Bathing Ape or (BAPE). Prices of BAPE shirts can cost from $80 - $110.]]> 2019-07-03 15:48:05 UTC https://padlet.com/s10192896/tq3fpss0n1b3/wish/370105742 s10192896 https://padlet.com/s10192896/tq3fpss0n1b3/wish/370474826 The price range of Balenciaga's goods are from $450-$7000. The price of this shirt is $625.]]> 2019-07-08 04:15:46 UTC https://padlet.com/s10192896/tq3fpss0n1b3/wish/370474826 s10192896 https://padlet.com/s10192896/tq3fpss0n1b3/wish/370475603  "Supreme clothing isn’t particularly remarkable — think T-shirts, jumpers, caps and leather accessories — but plaster that iconic red logo on a white shirt and suddenly, it’s worth hundreds of dollars", pointing out that "the brand’s success lies in its scarcity model. It releases a limited number of new products each week, nowhere near the number needed to keep up with demand", causing long lineups as well as inflated secondary market (resale) prices.

]]> 2019-07-08 04:30:13 UTC https://padlet.com/s10192896/tq3fpss0n1b3/wish/370475603 s10193665 https://padlet.com/s10192896/tq3fpss0n1b3/wish/370696783 Streetwear brands such as Supreme are slowly conquering the fashion scene, with their demand growing exponentially. However, since they are constantly having limited, time "drops", they are able to inflate the prices and keep their supply low. 
Having be a luxurious item due to its high price tag, therefore it is price inelastic. To all the "Hypebeasts", it is a habit to collect such shirts, thus it is price inelastic. ]]> 2019-07-10 02:26:10 UTC https://padlet.com/s10192896/tq3fpss0n1b3/wish/370696783 https://padlet.com/s10192896/tq3fpss0n1b3/wish/370698769 In streetwear, there is no such thing as market equilibrium. This is because the demand exceeds the supply, hence the inflated prices of the products. This continues to promote the street-wear culture because everyone is trying to get their hands on the next rare or exclusive item.]]> 2019-07-10 02:52:05 UTC https://padlet.com/s10192896/tq3fpss0n1b3/wish/370698769 s10193665 https://padlet.com/s10192896/tq3fpss0n1b3/wish/370708965 This works as since the items are released at such low quantities the demand for the items are very great hence with a large demand comes a larger price tag hence re-sellers are able to get a larger profit which leads re-sellers to buy out much of the already limited stocks. Hence, this decreases supply and increases demand.]]> 2019-07-10 04:56:21 UTC https://padlet.com/s10192896/tq3fpss0n1b3/wish/370708965