What Is a Luxury Brand Meant to Do on Black Friday?

Posted by Sean on November 24, 2015

Black Friday runs on one idea: a discount big enough to make you act now. For most retailers that’s the point, and it works. For a luxury brand it’s a real problem, and every year around this time we have the same argument about what to do.

A discount doesn’t only move stock, it says something. When the price of a thing is part of what the thing is, and in luxury it always is, taking money off it tells the customer the price was never quite real to begin with. You spend all year building the idea that these pieces are worth what they cost, and one weekend of slashing can undo a fair amount of that, while the people who paid full price last week notice what you’ve done.

And yet you can’t sit out the biggest shopping weekend of the year and pretend it isn’t happening. The attention is real, the intent to buy is real, and every competitor is shouting at once. Staying silent is a decision too, and I’m not sure it’s the smart one.

So you land somewhere in the middle, and where exactly is the bit we can’t agree on. One camp says hold the line completely, discount nothing, accept you’ll go dark for a weekend, and trust that the person who wants what you sell will still want it in December. Another says let something move at the edges, an older reference or an accessory, so there’s an answer when a customer asks what you’re doing, without ever touching the pieces that carry the brand. A third says forget price altogether and use the noise for something else: a gift guide, a piece of content, a reason to look now that has nothing to do with money off.

I lean towards that last one, most years. But I don’t think there’s a tidy answer, and I’m wary of anyone in luxury who tells you there is. Black Friday asks you to do the one thing your brand spends the other fifty-one weeks refusing to do, and no amount of clever framing gets you fully around that.