Occasionally I will use agency time to conduct personal business.
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.