Luxury Brands You Shouldn’t Spend Your Hard Earned Money On

Luxury Brands You Shouldn’t Spend Your Hard Earned Money On


With more and more families finding it necessary
to watch where every penny goes, treating yourself to a special, luxury purchase is
a huge deal. It’s easy to look to celebrities and pop culture
to see what’s hot and what’s worth the hefty price tag, because if A-listers are wearing
it, it must be good, right? Not so fast. Since that’s not always the case, let’s talk
about some luxury brands that aren’t worth their weight in gold. Once touted as one of the most popular handbag
lines in the world, Coach has recently declined in popularity after too many sales made them
far too accessible to be considered exclusive. Coach is trying to rectify that problem by
introducing even more expensive bags to its already pricey line and cutting back on online
flash sales. While that means things are getting better
for the company, Coach is no longer viewed in quite the same light it once was… and
that’s something you might want to consider if you’re purchasing one of their bags in
order to make a statement. There was a time when Michael Kors handbags
were highly coveted status symbols, but the MK bubble burst right around the same time
that Coach began to lose its following. According to Business Insider, the luxury
brands had similar problems: overexposure and increased accessibility led to a huge
decline in sales. The company is trying to turn itself around
and improve its image, but it isn’t quite there yet. While the company still markets itself as
a luxury brand, if you’re going to shop Michael Kors you should wait for one of the many sales
which often feature markdowns up to 50 percent. There’s something shady about the sunglasses
industry, and we aren’t just talking about the lenses. It doesn’t matter if you’re buying a designer
pair or some cheap shades from the drugstore, your sunglasses were likely made by the same
company: Luxottica. Luxottica has a major monopoly on the sunglasses
industry, with at least half a billion people around the world likely owning a pair made
by the company. Luxottica makes sunglasses for brands like
Chanel, Polo, Tiffany, Coach, and Ray-Ban, and while Luxottica won’t reveal their exact
markup, their designer shades can retail for an estimated 20 times what they actually cost
to produce. Many of their cheaper glasses also look quite
similar to the more expensive brands, making designer sunglasses quite the rip-off. All you’re really paying for is the brand’s
logo on the side of the frame, which most people probably won’t see anyway. There’s no denying that SMEG appliances are
gorgeous. The retro-style brand was founded in Italy
in 1948, but has become more popular since the 1990s when it launched a line of 1950s-style
refrigerators. Today, they have other retro-inspired appliances
that might look good in your kitchen but aren’t so great for your wallet or practical use,
if reviews are any judge. SMEG might be regularly praised for its sleek
design and brightly-colored finish, but it also tends to get marked down when it comes
to things like general useability. That’s not the worst news. When the brand paired up with Dolce & Gabbana,
they succeeded in producing some beautifully designed appliances… with astonishingly
high price tags. How high? A Dolce Gabbana and SMEG blender will run
you a whopping $850. “That’s insane!” It only gets worse, because a refrigerator
from the line costs a laughable $50,000! No refrigerator is worth that much money,
especially when it comes with less storage space than the average refrigerator model. While Prada might sell some quality goods
befitting luxury brands, some of their offerings are questionable to say the least. For example, there is absolutely no world
in which a $185 paperclip can be worth the cost. Sure, it’s made out of sterling silver and
is officially advertised as a money clip, but if you have so much cash that you can
sink nearly $200 on a money clip, then you have too much cash for a money clip to hold. “No I have never once experienced anything
remotely like that. NEVER.” The high price tag is in keeping with the
line’s other outrageously priced products. The average cost of a purse runs into the
thousands. While Hermès still retains its ironclad reputation
as being one of the world’s most iconic fashion brands, this is still a line you might want
to skip if you’re looking to get good value for your money. Let’s examine the Hermès Birkin, a luxury
purse that many consider to be the holy grail of handbags. Prospective buyers have to sign up for a two-year
waiting list and fork over a five-figure sum before taking one of these home. Is it worth the money? Former CEO Patrick Thomas explained the exorbitant
price tag, saying: “There’s always one craftsman responsible
for the whole process of the bag, from the start to the end. To create a single bag, it costs around 15
to 20 hours.” In other words, you’re paying nearly $1,000
an hour to have that bag made just at the low end. The crippling cost of the Birkin may be part
of the reason so many of them end up being put up for collateral at pawn shops. Cost aside, even the person the bag is named
for, model and singer Jane Birkin, went through a love-hate phase with the bag because of
the cruel treatment endured by crocodiles that are slaughtered for the bags. You’re far better off spending your money
on a brand that is kinder to animals, not to mention your wallet.