Word: shoppers
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Adding to the pressure on retailers is a shorter window to shop and a suddenly thrift-minded shopper. Black Friday--when the holiday shopping season traditionally begins, the day after Thanksgiving--falls on Nov. 28, far later than usual. Compared with last year, stores now have five fewer shopping days and one less weekend between Thanksgiving and Christmas. Looming layoffs and tightening credit have crushed consumer confidence, making shoppers more discerning than ever. Before buying a gift, 71% of shoppers ask themselves, Is this a smart use of my money? according to an October survey on how America shops, conducted...
...Walt Disney Concert Hall in Los Angeles, designed by Frank Gehry 2 West Elm faceted table lamp with white resin base and cotton shade ($149; westelm.com 3 Louis Vuitton Into the Curl cuff ($1,180; louisvuitton.com 4 Bottega Veneta dark purple pleated goatskin shopper ($2,980; bottegaveneta.com 5 Roger Vivier Navette black alligator faceted evening clutch ($5,200; Roger Vivier NY, 212-861-5371) 6 Burberry metal necklace with copper overlay ($1,995; burberry.com 7 Frank Gehry for Tiffany & Co. rock vase in bone china ($175; 800-526-0649) 8 Fredrikson Stallard King Bonk fiberglass armchair (price on request; David...
...deliveries from the New York City J. Crew Collection store, which will bring to your door a selection of cashmere sweaters, velvet trousers, Japanese silk obis, vintage flower brooches or snakeskin clutches. If you prefer to browse the store in person, you can book an appointment with a personal shopper who will get you champagne and snacks while you spend. 1035 Madison Avenue, at 79th Street, New York...
...possibility of poor holiday sales. The overleveraged consumer is the biggest economic problem the country faces, because debt has been the rocket fuel that has propelled growth for most of the past decade. Two-thirds of the $14 trillion U.S. economy is driven by consumer spending, and the relentless shopper has also been critical to the growth in once booming exports led by economies like China...
Naturally, there are conspicuous consumers buying Louis Vuitton bags and Cartier watches, but a large number of the wealthy agree with the interviewee who said, "I have a Chevrolet taste on a Mercedes income." The contemporary wealthy shopper, say the authors, is "the logic shopper" (70%) whose middle-class upbringing leads to a focus on value and due diligence before a purchase. That may explain why the retail store most likely to have been shopped in by this demographic is Target (80%). Why pay more for the same roll of toilet paper...