Posts Tagged ‘Recession’

Inconspicuous Consumption

Posted by Lauren Proctor on October 7, 2009

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)

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Italy’s Fashion Houses See No Early Recovery From Sales Slump

Posted by Lauren Proctor on October 3, 2009

Italy’s fashion industry will take years to recover after the biggest sales decline in at least two decades, according to the country’s designers, who criticized the government for not doing enough to assist them. (Bloomberg)

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LuxuryLab Daily Digest

Posted by Lauren Proctor on October 1, 2009

Will Consumer Spending Change Once the Recession Ends? (Huffington Post)
Two of the big questions facing marketing managers today are: (1) when will consumers open their wallets again; and (2) will consumers behave differently when they do?

Gilt Group’s Jetsetter Takes Off (CNN Money)
Online sample-sale company tries to bring its model to luxury travel.

The Wealthy Are Cutting Back on Thoroughbreds (Wall Street Journal)
Along with yachts, private jets, mansions and Ferraris, we can now add another elite asset class that’s ailing: thoroughbred horses.

Surprise! Incomes of the Rich Are More Volatile (Wall Street Journal)
Michael Moore and others on the far left correctly point out that the wealthy captured the bulk of the economic benefits during the boom times.

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Luxury Car Market May Never Look the Same

Posted by Lauren Proctor on September 29, 2009

The Great Recession may have forever altered demand for high-end brands. (MSNBC)

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Digital Marketing: Economic Recovery and Insight

Posted by Lauren Proctor on September 26, 2009

If you have recently searched for “Kenya safari,” “gold jewelery,” or “insurance price comparison” lately, you are responsible. (Branding Strategy Insider)

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Demand for Superyachts on the Rise

Posted by Lauren Proctor on September 26, 2009

Demand for the world’s largest, most expensive yachts is on the rise ahead of the Monaco Yacht Show this week. (CNN)

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What You’ll Be Wearing Next Spring

Posted by Lauren Proctor on September 20, 2009

While the recession was anything but an afterthought for designers and buyers at New York Fashion Week, which ended Sept. 17, the fresh looks that traveled down the runways suggested optimism may be on the horizon. From downright colorful menswear to hundreds of pretty prints for women, consumers will have plenty of new–and wearable–styles to choose from come spring 2010. (Forbes)

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Faberge Asks Rich to Surf Web for $7 Million Brooches

Posted by Lauren Proctor on September 16, 2009

Faberge, the jeweler that made gem- encrusted oversized eggs for Russia’s czars, says the quickest way to make money selling its $7 million brooches in a recession is to lure the wealthy into surfing the Web. (Bloomberg)

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Bentley Sees Signs of Revival in Luxury Car Class

Posted by Lauren Proctor on September 13, 2009

British carmaker Bentley, owned by Volkswagen (VOWG.DE), is seeing some signs of revival in the super luxury vehicle segment and expects sales of premium cars to improve next year, one of its top executives said on Friday. (Reuters)

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As Champagne Fizzles, Makers Squash Supply

Posted by Lauren Proctor on September 7, 2009

Champagne producers agreed to pick 32% fewer grapes this year, leaving billions of grapes to rot on the ground, in a move to counter fizzling bubbly sales around the world amid the economic downturn. (Wall Street Journal)

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