Wednesday, January 28, 2009

CPW Update 1-28-09

Neiman Marcus brick red cashmere turtleneck sweater - $61.00 (sale price and shipping)
divided by 19 = $3.21

Style & Co giraffe Print short trench coat- $35.00 (sale price) divided by 11 = $3.18/wear
(retired until spring)

Eddie Bauer cassis colored cords - $19.99 (sale price and shipping) divided by 21 = $.96/wear

Now the cords can drop off the tracking list - let's see how much longer the more expensive items take to amortize. I know all ya'll are absolutely riveted.

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Friday, January 23, 2009

CPW Update 1-23-09

Neiman Marcus brick red cashmere turtleneck sweater - $61.00 (sale price and shipping)
divided by 19 = $3.21

Style & Co giraffe Print short trench coat- $35.00 (sale price) divided by 11 = $3.18/wear
(retired until spring)

Eddie Bauer cassis colored cords - $19.99 (sale price and shipping) divided by 19 = $1.05/wear

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Thursday, January 08, 2009

CPW Update 1-08-09

Neiman Marcus brick red cashmere turtleneck sweater - $61.00 (sale price and shipping)
divided by 17 = $3.50

Style & Co giraffe Print short trench coat- $35.00 (sale price) divided by 11 = $3.18/wear
(retired until spring)

Eddie Bauer cassis colored cords - $19.99 (sale price and shipping) divided by 17 = $1.14/wear

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Thursday, January 01, 2009

CPW Update 1-01-09

Neiman Marcus brick red cashmere turtleneck sweater - $61.00 (sale price and shipping)
divided by 17 = $3.50

Style & Co giraffe Print short trench coat- $35.00 (sale price) divided by 11 = $3.18/wear
(retired until spring)

Eddie Bauer cassis colored cords - $19.99 (sale price and shipping) divided by 15 = $1.33/wear

Getting there....

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Tuesday, December 02, 2008

CPW Update 12-2-08 - and consignment

Neiman Marcus brick red cashmere turtleneck sweater - $61.00 (sale price and shipping)
divided by 13 = $4.69

Style & Co giraffe Print short trench coat- $35.00 (sale price) divided by 11 = $3.18/wear
(retired until spring)

Eddie Bauer cassis colored cords - $19.99 (sale price and shipping) divided by 12 = $1.66/wear


My conclusions on cost per wear? I'm going to continue tracking these items until they hit the magical .99 mark. But really, I can't say my opinions are changed, and in fact, it's made me more of a cheapskate for certain items. If you are like my sister, who will buy a $200-300 purse, carry it every day for three years and gift it to a deserving relative while it's still nice, more power to ya.

But I think most of us who are interested in clothes like some variety, and if you are going to go that route, your best bet is to find the best quality for the absolute lowest price. And either wear them right into the ground, or consign them while they still have a lot of life left in them.

Speaking of that.....

I ended up taking far fewer items into the consignment store this past fall than last time. I focused on separates and shoes. I had a couple of choices rejected, which then ended up at the Goodwill . But with five fewer items than last time, I realized $26.00. This seems the best way to go, cause I'm not going down that eBay trail unless I have to.

And why do I go to TurnStyle instead of Plums, the plus-sized consignment store?

* The place looks cleaner and there's far more merchandise
* There's plenty of traffic - it's a busy strip mall in Roseville on the highway
* I do NOT have to make appointments for consigning on a weekday - I just walk in right when consigning hours start
* They will cut me a check on the spot

Haven't tried Elite Repeat, but that may be next on my list.

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Tuesday, November 11, 2008

CPW Update 11-11-08

Neiman Marcus brick red cashmere turtleneck sweater - $61.00 (sale price and shipping)
divided by 11 = $5.54

Style & Co giraffe Print short trench coat- $35.00 (sale price) divided by 11 = $3.18/wear

Eddie Bauer cassis colored cords - $19.99 (sale price and shipping) divided by 9 = $2.20/wear

Cords remain the same, they've been languishing in my laundry basket for a while. That will soon change.

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Monday, October 27, 2008

Cost Per Wear Update

The CPW Update
Now that fall's here, we're seeing out cost per wear drop:

Neiman Marcus brick red cashmere turtleneck sweater - $61.00 (sale price and shipping)
divided by 8 = $7.60

Style & Co giraffe Print short trench coat- $35.00 (sale price) divided by 9 = $3.80/wear

Eddie Bauer cassis colored cords - $19.99 (sale price and shipping) divided by 9 = $2.20/wear


All of them getting down to a reasonable cost-per-wear without years and years of ownership.

It's also worth stealing a look at the latest InStyle magazine for November's Fundementals of Chiconomics feature. Some of it's fluff, but there is an excellent quiz on "What's The Real Price" that's kind of the flip side of cost per wear. The more you use the items and the more minimal care the item has, the item the more points you get.

My cords, for example, scored 160 points. Multiply the price (19.99) by 1.6 and you get $31.00. Yet, that's still far below the list price of $60 - if you do the math on the list price, they should be worth $96.00 to you. But that still doesn't justify full price in my mind.

A combination of both methods should work well, but if you have to pick one, go with Cost Per Wear.

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Monday, July 07, 2008

The CPW Update

I was doing a semi-scientific study on how fast clothing truly gets down to "pennies per wear" as the fashion enablers claim. Here is what I purchased during winter/spring clearance, and here's how it's going - thank goodness for a cool June:

Neiman Marcus brick red cashmere turtleneck sweater - $61.00 (sale price and shipping)
divided by 6 = $10.16

Style & Co giraffe Print short trench coat- $35.00 (sale price) divided by 7 = $5.00/wear

Eddie Bauer cassis colored cords - $19.99 (sale price and shipping) divided by 7 = $2.85/wear

I put them away for now, but once the fall hits, you'll see those CPWs drop.

Still, come on about "investment dressing". If you're not buying hardcore couture, bespoke, Hermes accessories or exquisite vintage, clothing is not a traditional investment. Shopping lady at Talbot's who was rooting through the sale racks with me the other day - I don't care what Stacy from WNTW says, I'm still waiting for that red chambray jacket to go down another 20%.

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Thursday, June 05, 2008

Cost Per Wear

This has been a huge rationalization for people to buy items that are more high-end or designer than their normal budget. But when you sit down with the numbers, it's quite the startling discovery.

I figure the outer edge of pennies per wear is .99 cents. If you buy something that is $500, to get it to "pennies per wear" at the highest level, you must wear it 501 times! That perhaps makes sense if you are:

* buying suits
* buying good quality outerwear
* buying glasses
* buying practical or specialty footwear - good boots or pumps that can be resoled over and over again, etc.
* you are one of those people who TRULY uses one bag or tote until it falls apart

Lucky editor Andrea Linnett boasts that her beat-up up Louis Vuitton duffel is pennies per carry, and Budget Fashionista Finney claims that her sale Burberry trench got down to $1.50 a wear - with those kind of items it's completely plausible.

Still those can afford $500 suits often have enough stuff to keep the cost of wear on the new item higher for a while.

I decided to track three recent purchases to see how long it will actually get them down to "pennies" per wear.

Neiman Marcus brick red cashmere turtleneck sweater - $61.00 (sale price and shipping)
divided by 5 = $12.20/wear

Style & Co giraffe Print short trench coat- $35.00 (sale price) divided by 5 = $7.00/wear

Eddie Bauer cassis colored cords - $19.99 (sale price and shipping) divided by 4 = $4.99/wear

I'll see more wear on the coat and sweater as it gets colder - I got the good prices because they were seasonal clearance deals. Thanks to the unusually cool summer, my cords should be close to the pennies per wear mark by the end of the summer.

The most expensive cost per wear item in my wardrobe?
An Evan-Piccone black sheath dress with flutter sleeves and a tie in the front for $40. It was "mother of the bride" city.I wore it exactly once. And I ended up consigning it and it didn't even sell in the 90 day period. Rather, it went on clearance or to a thrift store which = $0 for the Diva.

Best cost per wear item in my wardrobe?
I"m not counting donations, that isn't exactly fair, but I would have to say the Target black nylon topper coat that cost $17.99 in 2004. I have easily worn it a hundred times in the past four years. It is still in fine shape (I got the giraffe coat because I just wanted to change it up) and it's 18 cents a wear at this point.

I think the point I am trying to make is that the old adage, "buy the best quality you can afford" is solid advice. However it makes sense to find that stuff which is truly well made and forget about the designer name. It helps if it is machine washable - or you dry clean it rarely. I have a couple of blouses that must be commercially dry cleaned. I wear them a lot, but thanks to that, their cost per wear isn't what it could be.

But if you can afford it, and it's lovely and it makes you happy, consider it a quality of life purchase. That's what I say; to myself when I suck my teeth in another dry cleaning bill.

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