For all the uncertainty about the current state of the economy, everyone is sure of one thing: this recession has permanently remade American consumers, turning them from spendthrifts into tightwads. (The New Yorker)
Archive for the ‘Retail’ Category
Inconspicuous Consumption
Posted by Lauren Proctor on October 7, 2009
Posted in Consumers, Retail | Tagged: Conspicuous Consumption, Recession, Spending, Thrift | Leave a Comment »
Neiman Marcus Gifts Go Luxury Lite
Posted by Lauren Proctor on October 7, 2009
Neiman Marcus, whose holiday gift catalogue is a hallmark of opulence, unveiled a “lite” version for 2009 Tuesday, offering an Icon sports plane for a mere $250,000 (U.S.), a $105,000 Jaguar car and a $25,000 cupcake-shaped car. (The Globe and Mail)
Posted in Retail | Tagged: Holidays, Jaguar, Neiman Marcus, Retail, Shopping | Leave a Comment »
Luxury Goes Local in Asia
Posted by Lauren Proctor on October 6, 2009
Could Ulan Bator be the new front line for luxury goods makers? (New York Times)
Posted in Retail | Tagged: Asia, Global, Kazakhstan, Mongolia, Russia | Leave a Comment »
The Future of Social Shopping
Posted by Lauren Proctor on October 2, 2009
Paul Dunay is global managing director of services and social marketing at Avaya and author of “Facebook Marketing for Dummies.” He talks to eMarketer about the future of social commerce as it shapes up on brand Websites, Facebook and Twitter. (eMarketer)
Posted in Consumers, Retail, Social Media | Tagged: Amazon, Facebook Connect, Social Commerce, Social Media, Social Shopping | Leave a Comment »
WWD Luxury Forum Recap: Reading the Winds of Change
Posted by Lauren Proctor on September 30, 2009
The recession has bitten into the luxury category just like any other sector. On Sept. 17, WWD hosted a one-day forum, “Luxury Redefined: Strategies for Success in the New Economy,” that drew together experts from the fashion, retail, media, automotive and marketing worlds to talk about how to cope with the bumpy road ahead. (WWD)
Posted in Consumers, Retail | Tagged: Consumers, Digital, Economy, Forum, Luxury, Retail, WWD | Leave a Comment »
Asian Luxury Market Could Grow Between 5% and 7% Over Next 12 Months
Posted by Lauren Proctor on September 29, 2009
Asian consumers are still prepared to dip into their branded wallets to splurge on luxury products despite the global recession. (Channel News Asia)
Posted in Consumers, Retail | Tagged: Asia, Growth, Luxury | Leave a Comment »
Designers Turn to the Practical
Posted by Lauren Proctor on September 28, 2009
The world of high fashion is coming down to earth a bit. (Courier Post Online)
Posted in Design, fashion, Retail | Tagged: 2010, Bergdorf, Brioni, Practical, Saks, Spring, Trenchcoats | Leave a Comment »
China Luxury Market Revenue Expected to Break $5 Billion
Posted by Lauren Proctor on September 27, 2009
According to a recent report released by Goldman Sachs, the sales revenue of China’s luxury market is expected to break $5 billion this year, enjoying the largest growth pace compared to other parts of the world. (Alibaba)
Posted in Automotive, Retail | Tagged: 2009, Autos, China, Chinese Luxury, Goldman Sachs, Gucci, Louis Vuitton | Leave a Comment »
India: The Epicentre for Western Luxury Brands
Posted by Lauren Proctor on September 27, 2009
Consider the latest catwalk collections at the most recently concluded Indian fashion weeks. Notice anything different? Yes the divas and fashionistas of New Delhi 110011 and Mumbai 400006 were all there. (The Economist)
Posted in Consumers, fashion, Retail, Watches & Jewelry | Tagged: fashion, India, Jewelry, Manish Arora, Montblanc, Nawab Collection, Suneet Varma | Leave a Comment »
Luxury Retailers See Rents Drop Globally
Posted by Lauren Proctor on September 24, 2009
The average price to rent space in some of the world’s most exclusive shopping districts dropped by the largest amount on record last year, a global survey has found. (CBS News)
Posted in Retail | Tagged: Fifth Avenue, Mumbai, Rent, Retail, Stores | Leave a Comment »
