Folks,
I think you've heard this before, as it relates to whom we sell, but it seems
the Wall Street Journal has finally gotten the news...
***
"Millions of Americans who once made up the vast middle of the nation's $7
trillion consumer market are migrating upscale toward premium and luxury
goods," reports the Wall Street Journal. The middle-market is disappearing
say
retail analysts. It's either Wal-Mart or Neiman Marcus. If they can afford
it,
people want the top brands.
Personal savings rates are at their lowest level since the Great Depression
while
luxury brands - such as BMW and Mercedes - are hitting sales records.
***
John
Tuesday, April 2, 2002
Wall Street Journal Catches Up
Posted in media by John Wiley Spiers
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