Call it a new form of cocooning. With financial markets in the tank, most retailers face a pinch this holiday season — but sellers of intimate-related goods are finding, well, a good time.
In New Zealand, Wendy Lee, director of the sex gear retail chain Dvice, says sales are up about 20% this year with consumers moving to more expensive, big-ticket items (whatever those might be). In England, sales of Durex condoms are up 22%, making us wonder whether Brits are cuddling in fear or just trying to avoid the high cost of children. And sales of lacy things remain strong in the U.S., with a Forbes analyst noting Victoria’s Secret should be immune to the spending declines afflicting other clothing retailers. Lace, it seems, does well no matter how cold the weather.
The only dark cloud on the intimacy front is Hugh Hefner may be laying off bunnies at the Playboy mansion. The UK Telegraph wrote, “Hefner has been advised to cut back on staff … to cope during the global economic turmoil.” Apparently when faced with reality, consumers want to do more than just read about it.