Tag Archives: luxury goods

The Millennial Generation Is Spending More Money Than Ever On Luxury Goods

Rachel KrauseMay 17, 2012 //
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We’re broke, we’re unemployed, we owe student loans, we’re living off our parents, we have degrees in things like English and Philosophy, we’re unprecedentedly narcissistic, and as if we couldn’t get any more charming, all the money we do have we spend on luxury goods: welcome to Generation Y, bitches! The millennial epoch, composed of those born between 1980 and 2000, is the fastest-growing demographic of those who purchase luxury goods. Consumers of this generation increased spending on premium fashion and services by 33 percent in 2011, and while boomers remain the foremost buyers of luxury items at 50 percent, millennials have altered their habits drastically in the past year alone. Keep reading »

Hermes Origami Set: The Luxury Item We Hope No One’s Buying

Catherine StrawnMay 20, 2010 //

Luxury brands make everything, even basic items like playing cards, fancier and pricier. It bags, we understand (sort of), but high-end origami sets? Hèrmes now offers one, which includes sheets of scarf print origami paper, a hand-stitched black saddle leather envelope, and black lacquer box, all for the ridiculous price of $750. We’d rather spend the money on a trip to Japan, where we’re pretty sure they sell origami paper that’s just as lovely. [Luxist] Keep reading »

Does Shopping Make You Feel Guilty?

Leonora EpsteinOctober 26, 2009 //

The retail industry is getting pretty desperate these days—how many more special events and functions will we see that scream “Oooo! Please, please come shop in our store!” According to the Wall Street Journal, the latest tactic in trying to woo the recessionary customer is to assuage shoppers’ guilt.

In some cases, this goes straight to the point instead of tip-toeing around the you shouldn’t be spending atmosphere. Take, perhaps, the best example out there, Gilt Groupe, a sample sale website (and admitted Frisky obsession) whose name is a play on the word “guilt.” The site’s co-founder, Alexis Maybank, explains that now retailers like her are placing emphasis on battling this new culture of consumer guilt: “It used to be about keeping up with the Joneses, and now it’s about outsaving the Joneses … We need to encourage people to get excited about fashion.” Gilt’s short-timed sales have set off a wave of similar online initiatives, which rev up shoppers and distract them from negative feelings.

Keep reading »

Guess How Much These Miu Miu Socks Cost

Leonora EpsteinOctober 22, 2009 //

And now for the latest in the ridiculously overpriced things saga … a pair of Miu Miu socks, featuring embellished doo-dads (no details on what exactly they are, but looks like buttons and aluminum charms to us) on 100 percent cotton.

Guesses? The answer’s after the jump. Keep reading »