Commodity theory puts forward the notion: the scarcity of the product alters its perceived value. This perception of scarcity, exclusivity, and therefore reduced accessibility to all reinforces the principle of prestige that consumers expect from luxury fashion. Not to mention this ‘exclusiveness’ creates allure, consumer excitement builds which justifies higher price points. Finally, demand goes up for those who can afford the price tag – and where there is demand, there will be sales. But what happens when you can’t justify the high costs on the latest designer trends?


