Word: high-end
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...agenda," a true assault on big government, and while it clearly spoke to some angry dudes with high-speed web connections and time on their hands, it's just as clearly not where America stands today. Paul didn't have a lot of company on the House floor when he rose recently to complain about government overreach in the investigation of the disgraced former New York governor Eliot Spitzer, who resigned after revelations that he had been a customer of a high-end prostitution ring...
...right retailers, today is a time of great opportunity. "Right now a scary place to be is in the middle," says Christine Chen, retail analyst at Needeman & Co. "If you have your product right, you want to be high-end or value...
...Crew: CEO Mickey Drexler managed to take a company that competed with the Gap selling t-shirts and khakis and revamp its merchandise on quality and price. He made the designer business affordable through brilliant product development. Now customers get cashmere sweaters and tailored suits for less than high-end labels. "It's perceived exclusivity," says Chen. "It's pretty accessible and for their customer it's a bargain." J. Crew might still sell some basics, but they do it better than anyone else. Their fiscal year ended February 2 with revenues increasing 16% and comparable store sales...
...High-end department store (such as Saks Fifth Avenue, Neiman Marcus or Nordstrom...
Their income is lower than that of most boomers, yet core luxury millennials are much more psychologically engaged in luxury than their parents' generation. They not only have a more positive attitude toward high-end services and products but are also more interested in owning them?including cars, accessories and home-entertainment units. Percentages below represent those millennials who agree with the following statements...