Thursday, January 28, 2010

The Boston Globe's Lies of Luxury

Oh, so these items were just s***-shoveling lies, huh?

Related
: Luxury spending springs up 29% in third quarter

Affluent shoppers spent more

Of course, we have forgotten all about them, right,
Glob?

"As recession stops splurges, luxury retailers retool; Name brands out, high quality in" by Jenn Abelson, Globe Staff | January 26, 2010

Liz Wyman is emblematic of the “aspirational shoppers’’ - middle-class consumers with luxury tastes - who have disappeared during the Great Recession. Their newfound frugality has contributed to an estimated 16 percent plunge in luxury spending over the past year, according to a report by Bain & Co....

“There was a catastrophic dropoff in demand,’’ said Michael Silverstein, a senior partner at the Boston Consulting Group, which estimated that middle- and upper-middle-income households accounted for up to 70 percent of luxury spending a few years ago. “Great retailers have taken it on the nose.’’

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You see why I no longer like the lying business bulls*** of the Boston Globe?

It ISN'T EVEN NEWS!


It is PURE AGENDA-PUSHING BULLS***!!!!