Dr. Rick C. Ernst
Coaching The Affluent To A Fulfilling Life
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Luxury Consumers

Gold Demand in China Slumps 52% After Buying Frenzy Subsides
www.bloomberg.com

Gold demand in China shrank in the second quarter as consumers in the biggest user bought fewer bars, coins and jewelry amid a clampdown on corruption and as the buying spurred by last year's price slump wasn't sustained. Purchases in Asia's largest …

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Alibaba's T-mall becoming hard for luxury brands to ignore
www.theaustralian.com.au

Alibaba has pledged to crack down on gray-market goods — authentic products sold by retailers that aren't authorized by the brands — and counterfeits for brands such as Burberry, a proposition that will be tempting to other luxury brands that want …

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US luxury department stores set to storm Canadian market
www.vancouversun.com

The changing consumer habits and sudden availability of prime retail real estate are now spurring Saks and Nordstrom to bring their attentive customer service and gourmet dining halls into a market long dominated by two major homegrown chains: Holt …

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'Purse Wars' good for consumers but not for investors
wqad.com

Rival luxury brand Michael Kors had a similar experience last week. The fashion retailer, also known for its line of handbags and accessories, reported another quarter of robust earnings and sales growth. But the report failed to quiet concerns that …

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Acura Is Embracing Punk Luxury With Marketing For Its New TLX Sedan
www.businessinsider.com

Acura has a new sedan — the TLX — and some aggressive new marketing to go with it. It's no secret in the auto industry that Honda's luxury nameplate doesn't enjoy quite the same upscale perception among consumers as rivals such as BMW and Lexus.

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The “Bloomberg terminal for fashion” tells retailers exactly what consumers …
qz.com

In recent years, retailers have increasingly embraced big data, instead of simply relying on the intuitive sense of fashion designers and buyers. Stores that have leftover inventory or are out-of-stock on bestselling items, now look to real-time data …

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Luxury U.S. retailers court Canadian consumers
www.digitaljournal.com

Hudson Bay's chief executive officer, Richard Baker, said, "We believe there's a lack of exciting opportunities for the luxury shopper to do their spending. We'll not only capture a large percentage of the existing luxury market, but we're also going …

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Gray-Market Vendors: Who Are They?
blogs.wsj.com

Typically, the gray-market vendors that sell to Chinese consumers buy their products overseas, from a variety of sources that sell brand goods, often at a discount. These range from discount outlets to authorized distributors to middlemen who buy …

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Suit Against Alibaba Opens Window on Issue of Counterfeiting
online.wsj.com

A lawsuit filed and then withdrawn last month against Alibaba Group Holding Ltd. by several of the world's leading luxury brands provides extensive details about the issue of allegedly counterfeit goods on the Chinese Internet company's shopping …

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