The Luxury Consumption Index experienced a decline to its lowest level in the fourth quarter of 2006, signaling reduced confidence among luxury consumers. This sets the stage for a more reserved approach to spending on luxury goods and services in the first quarter of 2007. Pam Danziger, president of Unity Marketing, highlights that while there is caution among luxury consumers, spending on experiences and personal luxuries has shown an increase, whereas spending on home luxuries declined, affecting the overall spending levels in the fourth quarter.
Consumer Goods
Consumer goods, including CPG, consumer electronics, appliances, home goods, furniture, etc.
Sprouting Online Democracy
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In the Luxury Market, ‘Trading Down’ Is the Norm
So much attention has been given to the ‘trading up’ phenomenon – where people with upper-middle incomes of $50,000 to $75,000 stretch to luxury – that the converse trend toward ‘trading down’ has been largely ignored.
The Interview: Ron Ireland
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Introduction to ChainLink Research
This 10-minute overview presented by ChainLink CEO, Ann Grackin discusses the impact of changing business models on the supply chain.
Retail Challenges – Unhappy Returns and Other Challenges
A house fire at the end of 2004 raged through the upper floor and decimated the wardrobe that I had been lovingly collecting over the years. Once the shock of the loss declined, dressed in a motley collection of donations from neighbors, I headed for the shopping mall.
Attacking Invoice Deductions through RFID
RFID makes possible extremely accurate ‘point of shipment’ Advance Ship Notices and ‘point of receipt’ Proof of Delivery documents, greatly reducing discrepancies and resultant invoice deductions, thereby restoring some lost balance to the supplier – customer relationship.
Customers Want the Experience of Luxury
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RFID Case Study: HP and Wal-Mart
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