Paris Shopping in an Economic Slump

Whether you're buying or selling, the holiday season between November 1 and the end of December is normally a time of heavy commerce everywhere. Commerce counts on theses precious few weeks for a large percentage of its annual figures. This year, that percentage may be smaller than usual which could spell disaster for commerce around the world.

While the buying attitude of many Americans after the September 11 attacks seems to be symbolic to the extent that what you buy reflects your level of patriotism. The French, in general, are much tighter with their money than are Americans and the current world economic situation, not to mention the transition to the Euro, has people thinking twice before buying. There's also that slight apprehension that we feel in large, crowded shopping malls, especially those near tall buildings. Spending the day at a large department store is no longer a leisurely afternoon with lunch on the top floor. Armed military police stationed near the largest shopping areas in Paris are reassuring but are also a reminder that the climate has changed. Commerce is feeling the effects.

It's still relatively busy, but according to shopkeepers, the typical Saturday afternoon has seen less traffic lately and managers are nervously preparing their estimates for December, hoping that the holiday season will perk up slipping sales figures. Yes, there is hope. Fervent spending to spur the economy has not caught on in France, but people have not stopped buying altogether either, at least not when it comes to clothes.

Fashion is fashion, and Paris is still the capital for the diehard shopper. Tall, pointy toed and square toed boots are everywhere, as are wide belts, trenchcoats and lots of red, rose, beige and black, the winter season's colors. After all, being well dressed in Paris can mean keeping your job or getting a better one. So spending on "frivolous" fashion for daily wear probably will not stop. That superb pair of tall, leather boots and a new tailleur (skirt suit) are a good investment. If the boots are still in style two years later, you're getting your money's worth.

In times of economic crises, spend your money wisely. If you live in Paris, this could translate to "forget the new living room set, buy yourself a new wardrobe".

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