Dr. Rick C. Ernst
Coaching The Affluent To A Fulfilling Life
of Peace, Passion, Profits And Philanthropy.
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Luxury Consumers

Fashion Inflation is Unsustainable
www.businessoffashion.com

Indeed, in recent years, the price of designer fashion items has risen steeply and disproportionately versus that of consumer goods more broadly. In fact, The Wall Street Journal reported in March that “the average price of luxury goods jumped 13 …

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An $800 Pair of Kicks Plays Hard to Get
online.wsj.com

For years, rap stars have boasted in their songs by name-dropping luxury brands such as Gucci, Versace and Dior. In a recent mixtape, 2 Chainz dropped the name of a new and little-known shoe: … Buscemi is just one of many brands benefiting from the …

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Can Shenzhen handle two luxury good malls?
www.wantchinatimes.com

According to a 2013 duty free report in China, mainland consumers have been sensitive to the price of luxury goods, with 33% of the surveyed consumers saying their priority was duty-free shops, 22% preferring to shop in overseas stores and 21% choosing …

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Fairmont's The Savoy builds momentum for 125th anniversary
www.luxurydaily.com

Although 30 days is a long time to expect consumers to stay engaged, The Savoy only needs a particular consumer to interact for a day for the seed of the anniversary date to be planted. … The Savoy also teamed up with some local luxury brands …

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A smartphone screen that takes the fall
seattletimes.com

It made me think that perhaps the glass used on smartphone screens has become so strong that buying a case for a phone — unless you're a careless teenager, or want to make a fashion statement — has become an unnecessary luxury. The likelihood that a …

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LVMH Shares Slump as Profit Miss Weighs on Luxury Stocks
www.sourcingjournalonline.com

Radio frequency identification (RFID) has seen a recent resurgence as retailers seek more accurate inventory counts in order to deliver a true omnichannel experience to ever-savvy consumers. Retailers now know consumers are constantly shopping, …

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Store Brands Getting Major Millennial Love
www.bidnessetc.com

A growing number of millenials, usually known for their obsession with aspiring and luxury brands, are increasingly opting for store brands instead. Bidness Etc takes a look behind the reasons and analyzes what this … A recent study conducted by …

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Discounting Is a Drug for Consumers: Kent
www.bloomberg.com

July 25 (Bloomberg) –- Iffley Road Founders Claire Kent and Bill Byrne discuss their luxury running apparel business and how to keep your brand exclusive in an age where discounters rule. They speak to Mark Barton, Anna Edwards and Ryan Chilcote on …

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Online Consignment Shops: Here to Stay or Just a Fad?
www.foxbusiness.com

Brick-and-mortar consignment shops have been around for decades, but as consumers increasingly shift to online shopping, resellers are also popping up online. But the worry that these online shops will do what Amazon is doing to traditional retailers …

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