Designer Duds Boost Sales Of The Real Deals

bags home e1307372939431 Designer Duds Boost Sales Of The Real Deals

Photo from bagaholic.com

A New York City councilwoman is trying to make it illegal to own a knock-off designer bag in her district of Chinatown, on the grounds that it hurts business for the real designer.

On the contrary, one study shows that counterfeits may actually help those businesses by essentially acting as free advertising.

Ray Fisman at Slate cites one study showing that when more knock-offs made it into the marketplace, sales actually improved in subsequent years for companies selling the real thing. Another study may explain why: “Subjects formed attachments to their phony Vuittons and came to crave the real thing when, inevitably, they found the stitches falling apart on their cheap knockoffs,” writes Fisman. “Within a couple of years, more than half of the women—many of whom had never fancied themselves consumers of $1,300 purses—abandoned their counterfeits for authentic items.” Designers should not stop going after counterfeiters, he writes, but it might pay for them to make the real items even better and pricier.

What’s Next?
Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From AMP 1037

Radio.com App
Smooth Jazz 103.7 HD2 The Oasis

Listen Live