As the economy has cratered and more or less stayed that way, we have begun to hear more and more from designers (and their PR companies) about the new way we should be looking at fashion – as an investment in our futures. People have used the “investment” excuse to justify the money they spend on bags for years, but as conspicuous consumption of luxury good contracts at an even greater rate than across-the-board retail spending, brands and their mouthpieces have looked to the word as a possible way to pry the remaining dollars out of consumers’ wallets. Lesley Blume of Slate‘s finance blog The Big Money has the breakdown on exactly why the fashion-as-investment logic just doesn’t hold.
PurseBlog on Twitter
PurseBlog has been on Twitter for about a month now and we are loving it! Once we figured out what was going on, we became hooked. And who wouldn’t. All of our handbag loving friends are there along with websites we love. If you are not on Twitter yet, you need to sign up! And … Read more