Britons ‘cutting back on clothing?’
January 29th, 2010
Designer clothing is something that I’ve never really been able to cut back on. It is my biggest luxury spend and I believe in investing in quality pieces.
Recent research carried out by the Co-operative Bank found that 75 per cent of women in the UK were planning on being careful with their spending in 2010 - and making fewer impulse purchases.
Some 60 per cent of females said that they would be cutting back on what they spend on clothing and 41 per cent would watch what they were splashing out on accessories such as necklaces and bracelets.
And although 29 per cent said that handbags and shoes would be an area where they could save money, five per cent cited bags as an item that they would "splurge" on.
However, its good news in some cases as: "The figures also highlight that more than half of women (59 per cent) confess to buying more classic fashion pieces now, thinking about the good old theory where a cheaper item of clothing can actually be more expensive in the long run than a classic garment," revealed the study.
Recently, it was revealed that Kate Moss will be teaming up with Longchamp to create a new line of designer handbags - definitely something to splurge on!
What are your must-have luxury purchases?
£29 
£17.00
£19 £12.00
