Tuesday, November 2, 2010

Labels for Less

Our economy recently experienced a recession, economic activity slowed creating unemployment, bankruptcy and other financial problems. During this time Americans learned the hard way about spending beyond ones means. Before the recession everything Americans did was in excess. Living outside of ones means was common and everyone wanted the biggest and best the stores had to offer. After the recession happened people lost security and decided to wise up about their spending habits. Fiscal responsibility is now a priority for many Americans but our desire for labels and quality are still there. People can no longer see the value in high fashion labels but still desire the quality and style that comes with the label. In response to this many major fashion designers have felt the economic pinch and resorted to more economic means of selling their brand so people can afford it. Designers have begun creating lines for mainstream stores like Target, Walmart, Kohl's, etc. By doing this they have made high fashion labels attainable for more people. This allows fashion lovers to stay true to their brand and their wallets. Skeptics say that the less attainable an item is the more it is worth and by making things more people can afford you are lowering the value. The designers who have created lower market lines have in fact increased their sales and production. The U.S. is great at adapting for the times as we have seen in the past and now that people have wised up to the idea of fiscal responsibility hopefully more designers will follow suit and create more affordable clothing lines.

2 comments:

  1. Interesting. Could you imagine if every line of clothing had their own store? So many trees would have to die...
    Prices would definitely be higher if every line of clothing had their own store. So, you have to actually thank Target, Walmart, and Kohl's in way. I definitely hate Walmart, but I haven't found a reason to hate the others yet. Do you like what is happening? I mean, nobody likes the recession or anything, but it's created an entirely new way of living. Prices are cheaper, yes, but everything else is miserable, if you ask me.

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  2. This is crazy. The other day I saw a girl standing outside waiting for the bus and she had on a pair of 250 dollar ugg boots. How did I know these boots were this pricey? I work in retail. Anyways the point is that she was catching the bus. Yesterday I was at work and this customer came in. she wanted to purchase a bunch of ralph lauren for her children and pay her credit card bill. when i pulled up her account, it said her minimum payment was 22 dollars. she paid it but her total for the clothes with almost 200 dollars and she paid that as well. Do u see the problem here?

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