No. But, sometimes it does.
There is a big difference between the quality of clothing sold in Old Navy and sold by Armani Black Label. The fabric is higher quality, the stitching, even the fit is more likely to be more taylored. The Arnani garment is likely overpriced for the name, but the quality is still much better than the Old Navy.
My Panasonic land line phone from 25 years ago that I still use is much better quality than a cheapy phone I bought recently. I could not even find a better one if I wanted to spend more money. I paid more for the Panasonic 25 years ago than I did for the new phone one year ago, and that is not adjusting for inflation. So much stuff today is low quality garbage.
I wish we would go back to having more moderate quality goods from clothing to electronics, furniture, many things. Instead we have very expensive beautiful quality items, or junk that’s cheap.