Word: dollars
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Dates: during 2000-2009
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...there the conversation ends. Students feel progressive, on average, while no one is surprised that a few bad eggs exist in the semi-secret world of million-dollar mansions filled with portraits of dead white men. We can rest easy, it seems, for even if clubs do not welcome blacks, Asians, or gays, final club devotees constitute a mere 15-20 percent of students—a minority themselves. Many members of final clubs, too, can justify their affiliation by distancing themselves from the occasional public relations disaster: “He’s not my close friend...
...long way to go," says Howard Davidowitz, chairman of Davidowitz & Associates Inc., a national retail-consulting firm. "I am not sure, in the current competitive climate, that Lord & Taylor can stand on its own two feet and be a survivor." Davidowitz points to the fact that Baker paid top dollar for a minnow in a sea of powerful retail companies. The store is loaded with debt while seeking to find its niche and customer base. "Baker knows the mall, but he's trying to run a fashion store, and this is day and night," says Davidowitz...
...Having worn every hat from merchandise manager to V.P. of handbags and designer accessories to senior V.P. of stores, she took the reins of the company's e-commerce business in 2000, when flat-screen fashion was designers' biggest phobia. She turned it into a half-billion-dollar branch of the business, with every name in the industry on board. And she has presided over the now 39 Neiman Marcus stores for the past five years, a period when unequaled media attention, including television programs like Sex and the City, has produced a culture more fashion savvy than ever before...
...double-digit yearly growth and the expectation that it will surpass the U.S. in luxury-goods consumption by 2015. For others, India's youthquake and its established cultural affinity for luxury mean there is enormous potential for growth. Then there's Russia, where newly minted millionaires pay top dollar for everything from Breguet watches to Bell helicopters. In this, the first installment of a four-part series, TIME measures the affluent consumer's appetite for luxury brands in these exciting markets...
...brands and the need for increasingly unique products and experiences. One panelist dismissed the idea of luxury altogether, arguing that it had become too accessible. Another defined the future of luxury as one-of-a-kind experiences, like a group of hedge-fund managers who recently paid top dollar to be dropped into the middle of the Amazon. Uniqueness is something, along with quality, that luxury consumers desire universally?who doesn't covet that one-of-a-kind object, whether it be an Hermès handbag, a Breguet watch or even a multimillion-dollar Damien Hirst skull? But luxury...