I was reading this article from a UK online newspaper. It's about budget-priced fashion:

http://www.independent.co.uk/l.....15746.html

I thought it was interesting, and wondered what you all thought about it? It got me thinking about some other things as well. For instance, a lot of higher end "luxury" items are going on super sale right now (Saks, NM, etc), because people just aren't buying them. I mean, I have literally been able to buy some $500 items for under $100, and I know some designers are hurting because of it. Do you all think this will affect the quality of so-called "luxury" lines? For instance, to make up for the fact that they are having to seriously discount their wares to sell them to anybody? Or do you think this recession will be be over the the designers will just be able to whether the storm and then raise their prices back up? Or maybe, they'll just have fewer items available at higher prices, so less choice overall?

I got an e-mail from my personal shopper at J. Crew who said that JC was discounting some of their "core" items in an attempt to avoid having to put them on sale at the end of the season. So, lower the price now, instead of putting them on sale. I know from an advertising and marketing stand-point that frequent sales is not good for "brand image," ie--people will start to think of your brand as a "cheap" brand, even if the quality is the same. Abercrombie and Fitch are following this mantra and not putting anything on sale or lowering prices, but their business is dismal right now.

Anyway, a lot to think about, but I'm interested to see what you all think about it as well.