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Not Buying Luxury Goods? Blame Guilt

by Lesley Kennedy (Subscribe to Lesley Kennedy's posts)
Posted Oct 22nd 2009 at 7:30PM  
3 Comments
Share

Guilty shopper? Photo: Antony Nagelmann/VEER

Do you feel a little knot in your stomach each time you decide to drop some -- or a lot -- of your hard-earned dough on designer duds?

Gulp. You may be experiencing the latest shopping symptom: Buyer's guilt.

Guilt, it seems, is seriously hurting sales when it comes to the luxury market, reports the Wall Street Journal.

In fact, according to at least one executive, it's the number one thing keeping people from shopping right now.

So, how do stores get folks to move past their guilt and take the plunge?

Some brands, the WSJ says, are offering charity donations with purchase. Others are trying to grow buzz by an increased online presence or by opening pop-up shops (temporary stores that are open for just a few weeks or months), the story states.

Will charity incentives or new marketing tactics help ease your shopping guilt? Leave a comment below!

And read up on other pop-up stores.
Read All Comments
Filed under: News
Tags: designer, guilt, luxury, pop up shop, pop up store, pop-up store, Pop-upStore, PopUpShop, PopUpStore, retailers, shopping, wall street journal, WallStreetJournal
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READER COMMENTS

(3)Add A Comment

madam agabhumi, 10-22-2009, 11:27PM

2 stars vote downvote upReport
madam agabhumi

Agabhumi has been practicing what we call, "Retailing with a conscience" since we launched our brand 7 years ago! We designed jewelry from which we donate 30% of sales to the Bennett Cancer Center Mobile Mamography Unit of Stamford Hospital, Stamford, CT. We also designed a line of jewelry to raise awareness for Organ Donorship (my husband is a liver transplant recipient) and 30% of sales of this line go to research at Columbia University for transplant research. In addition, we contribute to various schools and animal welfare with benefit nights.
AND, btw, a woman SHOULD feel guilty about wasting $1,000 on a handbag!

Reply »

air jordan, 10-23-2009, 1:51AM

2 stars vote downvote upReport
air jordan

Air Jordan 20
Air Jordan 21
Air Jordan 22
Air Jordan 23
Jordan 6 Ring
Air Yeezy
Air Yeezy Shoes
Air Yeezy New style

Reply »

A Small Luxury Boutique, 11-01-2009, 11:01AM

2 stars vote downvote upReport
A Small Luxury Boutique

Why should one feel guilty about buying luxury goods? People don't need to be told what to buy and when to feel guilty about what they are buying. Treat yourself well but don't forget to help others too as in donating to charity especially a trusted one of your choice.

Reply »

 
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