Value is subjective, and price? It must reflect some reality. We're living in the era of fashionable design offered for less than most restaurant meals, streetwear sales that exceed a good's retail price several times over, consignment resale with new season stock sold at a significant discount, and the $379,000 HERMÈS HIMALAYA BIRKIN bag. Everyone's reality is different. It's no coincidence that the amount of information we're able to track down online has made people more aware of why things cost as much as they do. People seem to want proof of value beyond the number on a price tag. Rather than rebuff them, these labels are answering customers with cost breakdowns as part of the product. It's a very savvy response to the market, as closely related to the increasing amount of information built into systems all around us as it is to ethics. The trend toward transparency has some parallels. One could point to things like the open-source movement. Blockchain... Buy on sale, swap, rent, trade, buy consignment, buy knockoff. Regardless of the ethics, these are all available options. And the old price tag doesn't say what it used to... Speaking of pricing, shoutout to JULIA RUBIN for this piece, which looks at the landscape of wedding planning for UHNWIs. Or I guess in this case it's ultra-ultra HNWIs... What's next for J. CREW? Mickey Drexler's step down from CEO has been called the end of an era. Debates about the company's decline have pointed to changing consumer habits, scrappier competition, product issues, and mounting debt commitments. One thing is certain: there's change—and challenge—ahead for the retailer. FashionSET: What to Do About J. Crew... I've always respected STELLA MCCARTNEY for building progressive practices into her label without putting them ahead of design and desirability. Her label is partnering with PARLEY FOR THE OCEANS. She's got some advice for other labels... MEXICAN streetwear brands... In these times, humor helps diffuse the dread. ELLE has some handy suggestions for JAMES COMEY on what to wear before the Senate, includes "curtains."