You'd know the economy is bad when the fashion giant house - Chanel is planning to cut 200 jobs, which is about 10 percent of its production team, in France by December 31, 2008.
Actually, Chanel is not the only one that is experiencing the economy turmoil. Louis Vuitton was planning to open its 12-story store in Tokyo has ceased its construction plan. More importantly, the ever increasing price of luxury goods not only did not increase this season, but it in fact went on sale. Unfortunately, even with the discounted price tag, it doesn't really help the plummeted sales.
Although the news may seem worrying, I wouldn't be so pessimistic about the future of luxury goods industry. From what I see, the sales of grandeur handbags may be lagging, it could never lose its loyal customers since the industry is all about indulgence. We may not have a great deal of money to purchase a house or a sports car, we could always take comfort in couture or a pair of stilettos to help us overcome current sluggish economy.
Of course it is just my own personal view, I'd love to know what you think =)
I have always heard that those who buy luxury goods, will buy them; when they want & at any price.
ReplyDeleteCommon [everyday folks] people will not always be able to come up with the funds for the things they 'Need'; but will always find a way to buy what the 'WANT'.
So, in either case, if they are putting out a product that we want, we will find a way!
Love the blog. :o)
~Breeze
I gotta admit, i'm probably one of the people who would once in a while indulge my own vanity. =p
ReplyDeletexoxo,
Leslie