I… don’t really follow this take? I agree that Lee Valley occupies a position at the top of the market, but I don’t think it’s about luxury, at all. My father was a cabinet maker, my mother a school teacher. They built their own home in the countryside, grew much of their own food, and could not have been less interested in “luxury” in any familiar sense of the word; but the shop and house is full of stuff from Lee Valley, because it is consistently high quality, and they don’t like buying stuff that gets thrown away.
I think your comment maybe conflates quality with luxury?
"Lee Valley" sounded vaguely familiar, so I plugged it into my email. Turns out I purchased 2 hanging wine glass racks [0] from them in 2020 for $6.20 apiece (to go above my kitchen sink on either side). We're talking generic "wire" 2-up wine glass racks I got to maximize space in my very ordinary rental apartment. I spent 5-10 minutes researching and identified Lee Valley as the best vendor for this very specific need, when I didn't trust the selection at the large Ace Hardware a mile away. Not remotely luxury, in my scenario ("Ikea for hardware"). But reflecting good SEO, clear photos and product specs, and low-friction checkout! Shipping was $7.95 by the way.
Lee Valley Tools has really excellent products and their stores are like museums, but you may have have bought into their brand too much. Their stuff isvery high quality, and very high quality is what a luxury good is. It's like flying first class and then treating it as necessary because it's an absurd affront to your humanity to tolerate how poorly everyone is treated. "First class isn't extravagent, it's basic dignity!" goes the reasoning. Personally, I could never afford cheap things either, but often one must.
Some companies have figured out that they can just sell cheap symbols that impress the sort of people who are impressed by that sort of thing, and they use a similar formula where the essential activity is getting attention or going to nighclubs and parties, but yes, your parents collected slightly more rarefied luxury products.
I think your comment maybe conflates quality with luxury?