in todays NYTimes there was a great article about the insanely expensive fashion show H&M put on in central park last week. it seems that everyone who is anyone was in attendence to view the latest cheap chic. i was particular fond of the following passage.
"I don't buy clothes like that," the designer Behnaz Sarafpour said the day after the event, which she did not attend.
Having set foot into an H&M store only once, Ms. Sarafpour has missed the opportunity to buy obi-waist skirts for a fraction of the cost of those sold under her name at Barneys New York. "For people who know quality, whether it's literature, food, fashion, whatever, they know what goes into making a product that's on the high end," she said
some people just don't get it. H&M is not trying to be high end. they are just trying to make cool clothing at affordable prices. and i applaud them for this, and so does my bank account. not everyone can afford to buy everything they own at barneys. i don't shop at H&M only b/c it is cheap, i shop there b/c they have some great stuff and if i am going to buy a lime green button up shirt that will go out of style in less than a month, i would rather pay 10 bucks for it at H&M versus 200 bucks at Barney's. and with my $190 dollars i can then go into barneys and buy a jack spade laptop case which i will hang onto for a while. what i am describing is the new paradigm of luxury. every girl i know wants a Chanel purse, a Coach bag, a pair of Jimmy Cho shoes. but unfortunately, these items cost a lot of money. and for the vast majority of people out there, you have to think a little bit before plopping down 300 dollars for a pair of shoes. stores like H&M allow people that have a sense of style to outfit themselves nicely all the time and then occasionally treat themselves to the higher quality, expensive luxury products like those sold at barney's. this is a win for everybody. people who are not uber-wealthy get to look great all the time AND have some really high quality items, H&M gets to make money and the luxury brands get access to a demographic that normally could not afford them b/c they were spending all their money just trying to look decent for work. H&M is the IKEA of fashion. everybody knows it is not high end, but it looks nice and is great for everyday. Behnaz Sarafpour should be thanking H&M because they have enabled many more people to have enough money (or credit) available that they can afford her high end wares. this is what is fueling the recent explosion in the luxury goods market. new luxury - trading down to the stylish commodity (H&M, Target, IKEA)in order to have enough money to afford high end luxury items.
btw - the freddie&ma launch party coordinator wanted to thank everyone who has been clicking on our ads over on the RIGHT. the coordinator would also like to remind everyone to KEEP CLICKING. we have a lot of clicks to go if we are going to have a launch party that rivals H&M's little soiree in central park last week.