Within the past week, both the New York Observer and Racked have voiced their opinions on what the market might be doing to our shopping habits. While the latter commented on the rise in popularity of thrift store shopping (and people, let's not forget eBay!) The Observer coined the term "crashion" and interviewed a mix of New York socialites and real people, asking women about their thoughts on shopping for fall clothes during our current economic circumstances.
While the results were somewhat mixed, the overall theme appears to be this: conspicuous consumption = bad; smart shopping = good. Even wealthy socialites are – gasp – wearing the same dress more than once, quoting that quality clothing makes it possible to dry clean and repeat.
As a “real person” who lives in New York, let me state something: dressing well and stylishly does not equate to conspicuous consumption, no matter where you live. There are virtually hundreds of options out there to help replace worn pieces or to supplement the wardrobe you already own without further adding to the credit crisis. Target, Gap, Old Navy, and Banana Republic are stylish options for great pieces that won’t break your heart or your wallet. Invest in key pieces, like this Gap Long Herringbone Trench Coat ($148), this timeless Banana Republic Martin Lightweight Wool Trouser ($98), or even quality comfort clothing like this Victoria’s Secret Cotton and Cashmere Sweater Wrap.
I’m not personally convinced that “crashion” is really anything more than common sense. Shop when you can afford it, be smart about your purchases, and make them the best your money can buy.