Economy hurting overpriced Georgetown shops, too, Washington Times reports
Posted by: Juliana Brint in News, Vox Populi, tags: Economy, Georgetown Neighborhood, Recession, Shopping, Washington Times
Economic hardship: not just for the common folk anymore!
This weekend the Washington Times reported that the poor economy is having and impact on everyone—even chic Georgetown boutiques! Disbelievingly, they tell tales of outrageous, unprecedented retail behavior, like sales starting in July rather than the end of August and napkins retailing for a mere $35 rather than $125. The horrors!
They have some sad stories from Nakita McLelland, the owner of The Dutch Lady, a linen store on M Street, who has seen her “sophisticated” loyal customers stop coming in because they’ve lost so much money in the stock market, as well as some quotes from consumers bragging about all the good deals they’re getting.
The most absurd quote of the article, though, comes from Sharon Amar, the manager of Celine de Paris, a boutique on M Street:
“I am normally against sales. Americans go crazy for them, though. I have always felt that if a woman waits until a product is on sale to buy it, she has lost months where she could be wearing it and loving it,” said Mr. Amar, a native of France.
Photo by Flickr user ehpien, used under a Creative Commons license.
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I don’t know why this is surprising … the Times ran an article months ago about Versace’s, Burberry’s, and Louis Vuitton’s 5th ave. locations having discrete sales. The Georgetown boutiques are likely more vulnerable to economic downturns than large, luxury retail chains with prime NYC locations.
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