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Tightening that Belt

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This is the sort of thing that keeps retailers up at night. "'I'm realizing it's ridiculous to spend so much money on clothes in this economy -- do I really need a new $1,500 bag every six months?' said [still-employed banker] Ms. Rogers, 36, who usually buys a new work handbag from a label such as Gucci or Prada each season but plans to skip that purchase this fall." The Wall Street Journal asks buyers how they plan to reel in shoppers like Rogers, and the answers—tapping into the '80s revival! promoting polka dots!—suggest desperation. [WSJ]

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