Stock decline may hurt upscale retail
The stock market's 13 percent plunge since July 22 may mean lower sales for high-end retailers such as Tiffany & Co.
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Since: Aug 08
#1 Aug 20, 2011
No, the private sector I believe is still strong and I would expect retail to have a positive season considering online tax issues especially with the delivery tack on's that bump up on line prices.
Profit taking in the markets should slow down soon while the government realigns it's tactical strategies to pour the right incentives into the proper places, part of the learning curb from the depression.
As any expert will tell you the great depression suffered a secondary fall out after the initial injection of the stimulus package to finally end up in a new wave of industry. Most important is the positive out come in the long run, a better functioning economy.
World markets places have been lucrative for quite some time and profit takers will be looking for new investment trends...
Keep in mind that a majority of the wealthiest investors have passed on stocks and investments to their next generation strategically. Be careful when following old money.
Since: Sep 11
#2 Sep 10, 2011
In general I try to keep my jewelry prices as low as I can, even for gemstone pieces. But it is an uphill climb and I can see that sales will not pick up until maybe October at the earliest. I have jewelry which has been sitting on my site for almost a year, while I am madly making pieces in trend colors on a constant basis. When the season for a color is over I sometimes find myself cannibalizing older pieces to make new ones because the prices of gold and silver have gone up so much I can no longer to afford the amount of materials I need to buy to keep everything fresh. I also can no longer afford to buy in bulk. Ever since 9/11/2001 times have been tough. When even high-end retailers are panicking about stock prices that spells a real long-term recession. I have basically written off the rest of 2011 as "the worst year ever".
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