Posted by Leonard Steinberg on November 28th, 2011 Retail insanity was the order of the day starting mere seconds after the turkey and stuffing had been digested. Reports of fist fights, pepper spraying, gun-shots, etc highlighted American’s intense desire for a bargain. Retail sales were up over 8% over last year, setting new records. These are my… [Read More]
THE TWO USA ECONOMIES: HERMES vs. H+M
In to-day’s New York Post, a story talks about the mounting evidence that there are two US economies operating side by side. They are correct. While Main Street consumers struggle with high unemployment and mainstream retailers are forced to mark down merchandise to spark even mid-single digit sales gains, the luxury market is enjoying flush… [Read More]