Word: retailing
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...course, Harvard’s retreat from the classy may be obscured by what would seem to be the larger problem with this purchase. Although HUDS has not disclosed the price it paid for this substantial acquisition, these televisions and kiosks usually retail for a combined minimum of about $75,000. For an organization that continually cites lack of funds as a justification for its refusal to expand dining hours and options, such a purchase seems to reflect a poor sense of priority. Even though these monitors and kiosks were purchased with proceeds from retail operations designated for special projects...
Even at the retail level, luxury-goods houses are falling over themselves to commission in-store art installations. Last year Louis Vuitton ordered up an installation by Olafur Eliasson for its Christmas windows in 360 stores around the world. Similarly, the Jil Sander store in Chicago has just tapped local artists Selina Trepp, Cody Hudson and Terence Hannum to display their works as part of a show entitled "Throb Throb: Rock and Roll Currents in Chicago Art Today...
...expensive as a work of art. Balenciaga designer Nicolas Ghesquière cut old-fashioned floral-printed radzimir, the heavy silk once used for mourning garments, with a laser and then bonded it with the flexible, breathable high-tech fabric commonly found in extreme-sports apparel. The dresses will retail for $7,000. At Roger Vivier, a pair of chiffon-and-leather sandals, braided and painted by hand, will ring in at $4,000--and only three pairs will be made. "Where is the luxury if you see things everywhere?" asks Claudio Castiglioni, the global CEO of Tod's group, which...
According to a Best Buy spokeswoman, however, the 42-inch plasma screens bought by HUDS typically retail...
...much HUDS paid for the kiosks, but most Web sites list models starting at $3,000—a total of at least $42,000. Martin said that the new screens and kiosks were financed from the HUDS reserves’ budget—the profits from its retail operations, such as the Greenhouse Cafe—and not from students’ board fees...