The exorbitant cost of luxury goods is why people queue up to buy
12 January 2023
Despite their cost, the goods sold by some luxury retailers are not always quality buys, though such matters seldom deter customers. It’s the price tag they’re interested in. And the higher the price, the better, writes American author and entrepreneur, Seth Godin:
Luxury goods are items that are worth more (to some) because they cost more. The cost itself is the benefit that is being sold.
But the exorbitant cost isn’t the only… benefit. The roped-off queuing areas outside the store, where customers must wait for a sales agent to become available, are another. There’s a luxury in lining up to enter a luxury retailer, it’s the hope of being seen waiting for admission. The picture windows adorning many of these stores, and their relatively confined floor space, are another benefit. They combine to create an additional opportunity to be seen shopping.
A large shopping centre I visit has a dedicated “luxury precinct”, an area set aside solely for luxury stores. I’m not sure all the people I see queuing up outside these stores are exactly in the luxury store demographic, but maybe that’s another benefit of the luxury shopping experience.