Monday, April 22, 2013

"Coach is a good proxy for mid-to-upper-income and so-called aspirational spenders world-wide."

"Coach is 'a style that conveys a sense of treating oneself,' said Paul Swinand, retail analyst at Morningstar Inc. MORN -0.49% 'There are a lot of people that find it very compelling.'"

The link goes to a WSJ article that requires a subscription. I can give you a link that will work in case you want to do some aspirational spending. Or maybe you'd just like to talk about the concept of aspirational spending.

Is aspirational spending something we should be happy to see — a signifier of optimism — or something we should decry? Here's an article from 2010 declaring the "aspirational consumer" dead:
"Aspirational marketing is a technique in which the goal is to sell items to people who can’t afford it." Ouch.

"Marketers have long known that we have an aspirational society, and they've gone heavily after those consumers," observed Claire Ratushny, a brand-positioning consultant based in Eastford, Conn.

"Now, 'aspirational’ is a dirty word."
Should we buy a slightly expensive handbag as a way to say it's 2013 and we're feeling fine? The audacity of hope, baby! "Hope" is the thing with feathers... and handbags.

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Do aspirationalistas leave the tag on?

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