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Do you know what “stealth shopping” is?

We’re all noticing a squeeze on our wallets and purses at the moment, and thanks to our recent budget things are only likely to get worse. But for some of us, the drop in mortgage interest rates will offset the drop in wages and increase in taxes to some extent.

With that in mind, there may be still some of us willing to engage in “stealth shopping”.

According to this article:

a number of brands have been adapting further to enable their customers to continue to spend: Net-A-Porter.com, the upmarket competitor to ASOS and Yoox, has recently started offering a ‘discrete packaging’ option, whereby products are delivered in an unbranded, brown paper bag. And Ritz-Carlton is apparently offering to print receipts for hotel stays on letterhead from Marriott, their more mid-market parent company.

The article has also surmised that since this is the first recession since the advent of online shopping, those wishing to purchase more expensive goods can now do so without being noticed:

This time around, it appears that the presence of online retailers is enabling this consumer spending to continue without the sense of ‘inappropriate’ conspicuous consumption, or guilt.

I guess this is sort of similar to the rumoured phenomonen that was supposed to be a regular occurrence where the yummy mummies from the upper class would drive the kids cars to do the shopping so as to not be seen in the Lidl or Aldi car parks.

Anyone noticed any forms of “stealth shopping” in Ireland?

1 comments On Do you know what “stealth shopping” is?

  • I recently renewed my home insurance with a different provider and amended the building sum insured in accordance with the Society of Chartered Surveyors (SCS) Guide to House Rebuilding Costs published.

    I forwarded details to my mortgage provider of the renewed policy and received a response suggesting I reassess the current building sum insured.

    I responded and advised that I had used the SCS’s Guide.

    I received a further response from the mortgage provider advising that in order to change the building sum insured for your property, the mortgage provider will require a current valuation report drawn up and sent to us by your Valuer/Estate Agent.

    The Financial Regulators – Guide Home Insurance Made Easy,on Page 4 advises:

    “You should insure your home for the amount it would cost to rebuild it. This is called the reinstatement value. It is different to the market value of your home, which is the amount you could get if you sold it. The market value includes the value of the land your home is built on and the location it is in, but the reinstatement value of your home only covers the cost of rebuilding it. To get a rough estimate of the cost of rebuilding your home, use the home-building cost figures in the ‘Guide to House Rebuilding Insurance’ available from the Society of Chartered Surveyors”

    Requiring a valuation report to amend the reistatement value of a property is an onerous and costly requirement.

    I have lodged a formal complaint with the mortgage provider and I am still awaiting a response.

    So basically I am required to over insure my property or get a valuation report which would cancel the savings I have made on updating my insurance policy!!

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