No, A $1,000 Purse Is Still Not An Investment

No, A $1,000 Purse Is Still Not An Investment

Around this time last year, we posted an article about how luxury goods companies are marketing their products as “investments” during the recession, rather than indulgences. It’s an interesting way to position four-figure handbags, but a bad use of the word “investment.” The Los Angeles Times’ Your Stylist column recently brought out this meme, describing an expensive handbag as an investment and “your new best friend.” Should it be? [More]

Louis Vuitton's CSI Handbag Division Won't Let Customer Return $700 Purse

Louis Vuitton's CSI Handbag Division Won't Let Customer Return $700 Purse

Kristie wanted a specific bag, in a specific size, and ordered it directly from Louis Vuitton. They sent her correct item, but in the wrong size. They had sent her the Speedy 25, which costs $25 less and is quite a bit smaller. The company sent her a pre-paid shipping label so she could return the bag and they could correct their mistake. Two weeks later, she received the same box back, with a letter informing her that the bag had obviously been used, and they wouldn’t accept the return.