Posts filed under ‘Shopping’

The economy & shopping

red_hermes_birkin_handbagWith the economy in a downward spiral, it’s hard to not want to (or have to) reel in your spending just a bit. However, an article in the Guardian about “stealth shopping” caught me by surprise– luxury goods shoppers aren’t hitting retail stores the way they used to. That part isn’t the shocker. What is, is the fact that luxury purveyors are doing more of their shopping online, and sites like Net-a-Porter are catering to their fiscal “modesty” by shipping in brown paper instead of flashy boxes.

This comes in contrast to New York Magazine’s article last week about “It” bags becoming “embarrassing” and investors projecting a decrease in the consumption and purchase of luxury goods like handbags. To that, I say pish-posh.

I agree it may become taboo to spend ridiculous amounts of money on frivolous items (and yes, to some, handbags are frivolous items), but in all honesty, people who could legitimately afford a Birkin bag pre-recession probably don’t have to worry too much about cutting back on “staples” like classic leather goods and shoes. Sure, flashy Louis Vuitton bags or the latest Gucci Tattoo Heart collection is likely to suffer, but classics like the Birkin? Probably not.

If you have the cash to shell out for a Birkin or a Kelly in the first place, you’re not likely to let it go now that you’ve already waited for the bag and shelled out the dough.

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December 2, 2008 at 6:18 pm 1 comment


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