News8Austin: Don't shop 'til you drop during Buycott
Joan Sclar gives new credence to the term "shop 'til you drop." But this Tuesday, she's giving the credit cards a break in order to help prove a point - that in more ways than one, women are a critical part of the economy.
Sclar is joining other women in support of "Buycott," a day in which creator Janet Hanson hopes women nationwide won't buy anything. Hansen belongs to 85 Broads, a network of female professionals who work for Wall Street banking giant Goldman Sachs."We're hoping that on October 19 women will chose that day not to buy any essential goods so they can reflect on their enormous purchasing power, which so far has not translated into economic power in the workplace," Hansen said.
Statistics show more than 80 percent of all purchases are either made or influenced by women. But less than 15 percent of top executives in Fortune 500 companies are female.
Buycott's critics worry that some of the businesses that could be hurt by the demonstration are owned by women. It could hurt women's businesses.[...]
Hanson said Buycott is not about being economically hostile. It's about companies finding ways of thanking women who buy, by promoting more women who work for them.
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