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

Jaguar deigns to offer cheaper cars and SUVs that rival BMW and Mercedes
qz.com

In recent years, middling luxury car brands have migrated down market, as new wealthy classes in emerging markets have exploded and weak Western economies have squeezed their aspiring high-end consumers. Unlike its German luxury competitors, …

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Apple Shows Off 2 New iPhones, One a Lower-Cost Model
www.nytimes.com

Milton Pedraza, chief executive of the Luxury Institute, a research firm, encouraged Apple to take that route and market a bigger iPhone as a higher-end model. A big-screen iPhone could be catered to Apple's customers who are getting older and …

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Neiman Marcus to Be Bought by Ares, Canada Fund
www.bloomberg.com

(HBC) agreed to buy Saks Inc. for $2.4 billion in July, combining Canada's largest-department store chain with one of the most prestigious U.S. luxury retailers in a deal that may spur the creation of a real estate investment trust. The transaction …

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Hudson's Bay joins the battle for upscale consumers with Saks deal
www.ottawacitizen.com

The prime downtown locations of Hudson's Bay provides Saks an edge in the contest for luxury market consumers as Canada's condominium-buying population gravitates to cities. Seattle-based Nordstrom Inc. is set to arrive in 2014. “We're going to be able …

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Why Apple's new iPhones could turn off consumers
www.cbsnews.com

In that sense, Apple is less a purveyor of tech goods than a luxury brand, like Gucci, Rolex, Louis Vuitton, or BMW. One major risk of such a strategy: Should competitors sell knock-off products at significantly lower prices, the brand owner faces the …

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True North Log Homes: Builders of Exceptional Luxury and Advanced Eco …
canadafreepress.com

The FSC certification demonstrates True North Log Homes' interest in and awareness of environmental and social standards within the international market, and the importance of enabling consumers and businesses to make purchasing decisions that benefit …

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Car sales surge, but are consumers getting a bad deal?
www.nbcnews.com

But they now account for about 25 percent of all new vehicle purchases, and 60 percent or more in the luxury segment. Credit both those low interest rates and high residuals – the trade-in values that lenders work into the equation when calculating a …

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Report: Affluent Consumers May Finally Feel Post-Recession Confidence
www.appliancemagazine.com

The marketing firm, which specializes in tracking luxury consumer habits and spending, said the most affluent 20% of consumers in the United States are the biggest spenders in the consumer economy and account for more than 40% of consumer spending.

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SA thrives as an unlikely market for luxury cars
www.bdlive.co.za

This again illustrates the gap between rich South Africans, who have largely shrugged off the consumer slowdown, and poorer consumers who are struggling to keep their heads above water. Last month alone, Porsche sold 12 vehicles to South Africans at …

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