economy Page 1
We can all agree that shoplifting is a bad thing, right? Well, it may also indicate that the economy is in good shape! Allow us to break this down for you.
Generally, being the official provider of some product to someone who wears a crown can only boost your business, but these days that’s not the case for Queen Elizabeth II‘s go-to place for underwear, Rigby and Peller.
Every time first lady Michelle Obama appears publicly, she generates $14 million in revenue for whoever makes the clothes she’s wearing. Now, we don’t have fancy business degrees or anything, but that’s a lot of cash.
There has been much hand clapping and joy over the news that most luxury companies came out of the recession just fine. What we can’t figure out is how analysts, journalists and market minders en masse didn’t know that the absurdly expensive brands — like Valextra, which made this unassuming but super-expensive purse — were the ones that had the best chances of survival.
Does a love for fashion correlate with irresponsibility? Is it necessary for publications to rejoice over pre-recession shopping behavior now the economy’s finally beginning to crawl out of its crater? According to a New York Times article, consumers in various parts of the world have reacted to these problems with their wallets and their style-minded conscious with what’s called a “Shopper’s Diet.”