Tuesday Newsday: Recession-proof Fashion

February 9th, 2010

Christian Louboutin

Not everyone is throwing on their Louboutins, Jennifer. Especially nowadays, when one out of 10 Americans can’t find work. There’s no sense in having a $1,000 outfit for the office if you don’t have an office to wear it to.

As the recession curbs the fashion splurge, luxury retailers regroup and try to reposition themselves to the masses.

Here’s a great piece from The Boston Globe on this very hot topic.

“Aspirational shoppers’’ – middle-class consumers with luxury tastes – who have disappeared during the Great Recession. Their newfound frugality has contributed to an estimated 16 percent plunge in luxury spending over the past year, according to a report by Bain & Co.

But retailers are not giving up so easily; they are trying to rekindle middle-class America’s love affair with luxury by working with designers to create lower entry prices for high-end brands like Gucci and Christian Dior. Read more…

And here’s a little diddy to dance around to in your Steve Maddens…

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