Nike is famously one of the less wealth signalling shoe brands. Until recently I don't think they had a product for sale for more than ~$220 at all.
replyIs it really the case that Nike is a wealth signalling brand? In the investigation I think you're referring to (https://www.fastcompany.com/90697259/nike-appears-to-be-shre...), I find Nike's side of the story much more plausible: if they find in processing returns that a shoe appears to have been altered, they prefer to reuse the shoe materials for other purposes, rather than carefully inspecting individual shoes to analyze what the alterations are and whether they might compromise the shoe's performance.
replyRegarding ‘wealth signaling’, a similar lens to mine would be ‘brand dilution’, which is certainly a more widely-accepted concept in business management; see also: https://news.ycombinator.com/item?id=48959809
replyThe EU has disagreed with Nike, and the law is now in effect.
The law is indeed in effect. Perhaps the new supply will revitalize Nike's Refurbished program, and European consumers will buy lots of used sneakers at discount prices. My bet is that it will not, and they'll mostly buy a slightly lower supply of new shoes that were made more expensive to cover the costs of refurbishing everything.
replyI do agree that this law will have a more meaningful effect on luxury clothing brands, and I wouldn't be terribly surprised if certain kinds of fast fashion become impractical to offer in the EU. More power to them, as long as people don't start complaining in a few years when Zara's trendsetting new line of blouses isn't available in European stores.
It’s probably been 20 years since I’ve even noticed what brand of shoes anyone was wearing, let alone processed that information into some kind of economic class judgment. Is this really still a thing?
replyBrand signaling is taught to Marketing bachelor graduates and is taken for granted as a legitimate and real thing in their profession. I am rather brand-blind myself but I tend not to extrapolate from my own experiences to that of others.
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