It Sucks in the City. According to a recent article in TheNY Post, "the luxury business is heading to the poorhouse". With the dire economic developments of the last few months, free market honchos are now in free fall. Firms are in line for bailouts, buyers, or just going bust. There's Hermes belt-tightening going on all over The Street: no more bench-made shoes, It bags or designer attire. Time to make do. As a result, sales at stores like Saks, Nordstrom and Neiman Marcus are down 10-15% in October, while discount stores like Wal-Mart and Costco actually posted modest sales gains. Gasp.
Conspicous consumption is definitely out; bargain buys are definitely in. Not only should you shop Target and Kohl's, you should brag about it. That's right, when people stop you and admire your discount threads, you should tell them how much (or little) it cost. It's the New Etiquette. It's Envy for Less. It's BLEAK CHIC.
With designers like Vera Wang (for Kohl's) Isaac Mizrahi (for Target) and Norma Kamali (for Wal-Mart) creating value lines for penny pinchers, there are some amazing finds under $100.
Check it out:
Create and post your own outfits at Toutie.com!
Don't forget to tell them where you got it!
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