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

Wealthy spending more on property
www.ecns.cn

This year, the spending was mainly on luxury property, yachts and jets, as well as education. Last year, however, the most significant categories were luxury travel, accessories and skincare products, and automobiles. Among all categories, luxury …

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$20M investment features local Guam products alongside renowned luxury …
www.eturbonews.com

TIYAN, Guam – Lotte Duty Free, Korea's largest duty free retailer, officially unveiled their new retail space at A.B. Won Pat International Airport in Guam today. Following a 12-month, US$20million refurbishment investment in the transformation of the …

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Luxury Brands Need To Expand Perception of Wealthy
www.mediapost.com

This means that a shift in luxury product marketing strategy is inevitable. For example, a 2012 study conducted by Pulse Opinion Research found that women spend over $300 billion per year on vehicles, a purchase most often associated with the males of …

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Apple earnings: $1.28 a share, vs. expected EPS of $1.23
www.cnbc.com

"If you look at the last five years of Apple product announcements in the fall, the stock does that about 95 percent of the time. It runs up and it often sells off actually after the products are seen. So there's no risk coming right now … very low …

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Ford CEO Replaces Lincoln Head in First Personnel Moves
www.bloomberg.com

The move should “make clear we are serious about Lincoln as a world-class luxury brand and that product excellence and innovation are what will deliver growth and define our entire company going forward,” Fields said in the statement. Ford also …

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Luxury Brands Are Different
www.forbes.com

There was a time when it was said that luxury brands were recession-proof. You could safely say that because luxury brands possess something regular brands don't – an increased emotional engagement quotient that provides consumers with products that …

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OMI hires industry veteran Kurt Ling as CEO
www.furnituretoday.com

“While our industry has historically positioned organic mattresses narrowly and only to the very chemically sensitive, I see a much greater opportunity if we can partner with retailers and position our products to a much more mainstream market of …

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Swatch Group profit hit by Sochi costs
www.theaustralian.com.au

… however, was likely to be "less dramatic" than in the first half, it said. Some watchmakers and luxury products companies have experienced a sharp fall in sales in China owing to a clampdown there on corruption and ostentatious entertainment and gifts.

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CMC Leads $100M Series D For Secoo.Com
www.chinamoneynetwork.com

Chinese consumers spend RMB350 billion (US$56 billion) annually on luxury products, of which two thirds are purchased overseas, according to a research report from Bain & Company. Founded in 2008, Secoo.com provides both online and offline services …

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