Thursday, November 26, 2015

Bags & Brands!

Hey All!

Hope we are all having a wonderful Thanksgiving and stuffing ourselves with pies and pumpkins. After all, we will be needing all that nutrition for the Black Friday shopping spree! I will be leaving for the Woodburn Premium Outlets in an hour and I can't wait to shop all night (yes, it is going to be open almost 30 hours straight, starting 6pm tonight). Before I do that, let me show you my pre-Black Friday finds.
 
I bought these purses a few days ago, and in my last post, I had promised to share some pics. In the past, I used to try to find leather alternatives for everything, if I could. Sadly, when that "if I could" comes in to the picture, it doesn't work too well. At times, I was preyed on by temptation, especially when I saw pretty leather purses or shoes. However, now I have decided to renounce leather all together. When trying to do something right, it is always best to do it all the way. Since, I have made up my mind about it, nothing with leather has been able to tempt me. I have turned thirty now, a couple of my strands are grey, so, what is the point of all that aging, if it does not bring a little wisdom (wink).
 
I hope you like the new purses. The pictures are followed by my interview with Yoyo Tse, a student journalist who is studying Fashion Journalism in the London College of Fashion. The topic was High Street Brands and their pricing strategies. Don't forget to check it out!


Faux-Fur Clutch - Aldo (similar here)


Velvet Purse - Bebe (link here)
 
Two days ago, I was interviewed by Yoyo Tse, a student journalist and here is how it went:

Yoyo: What is your opinion on the price of high street brands?


Me: When we use the term “high street brand”, it encompasses a major fraction of the fashion market. Although the pricing strategies and production processes for most high street brands are similar, some of these brands are slightly more affordable than the others. This mostly marginal difference can be due to various factors like logistics, focus on quality or cost of labour. However, to maintain a strong foothold, all these brands need to provide, at least acceptable quality at a competitive price. As the competition is very high and the market is teeming with new players, the current prices of most of the high street brands are moderately low, rendering them affordable to most fashion enthusiasts. Of course this changes when we talk about their high quality, premium clothing.

Yoyo: As you are probably aware of, high street brands have been launching premium collections and collaborating with designer brands and are including more expensive clothes. What do you think about this issue?

Me: Personally, I am not too affected by a designer tag. More appealing to me is quality and focus on ethical production processes. If I have to pay a premium, I would rather pay for sustainability and other righteous practices. Additionally, from what I have seen, some designer brands in such stores are aesthetically worse than their regular, more economical counterparts.

However, aside from a few disappointing cases, designer brands bring in more refinement and higher quality. Also, it is good to have more options and in today's world, there is a market for everything. Hence, collaboration with designers is a great move as it provides everyone, an opportunity to own designer clothing. Also, most designer brands have sale events now and then, and at reduced prices, these products are a steal.


Yoyo: Do you think that the premium collections and collaborations are affordable for students or people your age?


Me: Most premium collections are not really affordable for students who survive on stipends or smaller initial salaries (unless they diligently save for three months to buy that new designer skirt). So, the major target segment for such brands can not be students. It would be wiser to target an older, more established shopper who can afford to shell out a couple of hundred bucks every month.


Yoyo: Do you support high street brands to include higher quality clothes and sell them with prices similar to designer brands? Will you buy them?


Me: The price of clothing can go up substantially if quality and labour practices are bettered and that is worth paying for. On the contrary, an unreasonably high price which surpasses these cost inclusions, would make no sense and will lead to the brand losing its customers. So, I would like them to include higher quality clothes but if they are priced like designer brands then I would rather buy designer brands.
 
So, which purse did you like better? Drop a comment.

Thanks for visiting the blog and I hope you enjoyed the post! Keep spreading smiles!!
 

9 comments:

  1. I really like the faux fur clutch - it's beautiful! And I agree with you - I would rather save up for a designer label than pay out for a premium high street piece. x

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