Archive | Affluent Consumers

RSS feed for this section
Amazon.com

Amazon’s Hold on Millennials Is Steadfast, But Competitors Can Break Its Clutches

Since its inception, Jeff Bezos has been playing the long game at Amazon. He put everyone on notice in his first shareholder letter in 1997: “We believe that a fundamental measure of our success will be shareholder value we create over the long term. We choose to prioritize growth.” Profits took a back seat to […]

Comments Off on Amazon’s Hold on Millennials Is Steadfast, But Competitors Can Break Its Clutches Continue Reading →
handbag photo-1512201078372-9c6b2a0d528a

Luxury Market Recovered Ahead of Schedule, but It’s Been Uneven

Brands in the luxury goods sector gave a collective sigh of relief when Bain and Company came out with its Fall 2021 Luxury Study. “Luxury market rebounds in 2021, set to return to historic growth trajectory,” the headline proclaims. Conducted in association with Altagamma, the Italian luxury trade foundation and based upon company performance data […]

Comments Off on Luxury Market Recovered Ahead of Schedule, but It’s Been Uneven Continue Reading →
fashion trends photo-1536891259032-26d57921dc41

Covid Pandemic Was a Shot in the Arm for Online Luxury Fashion Brands, like Farfetch

When life as we know it came to a stop due to the pandemic, fashion retail, which was already challenged before the pandemic, became one of the hardest hit sectors. Many people didn’t have to report to work, so buying new clothes was put on hold, except for casual comfort wear suited to a stay-at-home […]

Comments Off on Covid Pandemic Was a Shot in the Arm for Online Luxury Fashion Brands, like Farfetch Continue Reading →
Hispanic Heritage Month NM Store 2 (1)

For Neiman Marcus Celebrating Hispanic Heritage Is More Than Just A Month-Long Event

Gabriela Hearst, Carolina Herrera, Johanna Ortiz, Tata Harper, Manolo Blahnik, Oscar de la Renta, Narcisco Rodriquez and Paco Rabanne share more than just being fashion designers. They all trace their heritage from Hispanic and Latino origins. And they all are taking the spotlight in selected Neiman Marcus window displays in honor of Hispanic Heritage Month, […]

Comments Off on For Neiman Marcus Celebrating Hispanic Heritage Is More Than Just A Month-Long Event Continue Reading →
confused photo-1608061084191-4414c299c7d1

Holiday Retail 2021 Threatened by Rising Prices, Product Shortages and Delta Variant

After people satisfy their basic human needs for food, clothing and shelter, their safety and security needs take precedence, ahead of higher-level needs for love and belonging, self-esteem, and self-actualization on Maslow’s hierarchy. Given our overall high quality of life, American consumers have been primarily focused on their higher-level needs, taking the basics for granted. […]

Comments Off on Holiday Retail 2021 Threatened by Rising Prices, Product Shortages and Delta Variant Continue Reading →