Friday, November 26, 2010

Selling luxury vs selling status

Profits at Tiffany's are up and it's not because of that shabby little counter they set aside for silver: "Demand has been strongest among Tiffany's wealthiest customers, who drove 'double-digit' percentage gains in sales of items priced above $500, the company said. Meanwhile, sales of lower-priced silver trinkets have been declining -- a signal of 'diverging' patterns of consumer spending." You say "diverging spending patterns," I say "the rich get richer." Tomato, tomahto.

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