Recently www.LuxurySociety.com published a variety of soundbites and statistics that are circling the luxury arena. By Libby Banks
The get-it-cheap party for luxury consumers has ended.
Milton Pedraza, Luxury Institute CEO
(On the end of deep discounting) Bloomberg
As long as men feel the need to spread their DNA to the four corners of the earth, they’re going to buy Porsches. And as long as women look for as many offers for mating as possible, they’re going to keep buying Manolo Blahnik shoes. Scott Galloway, New York University marketing professor (on why the understated luxury trend will give way to more glitz soon) Newsweek
1/4 Of affluent consumers have “friended” a luxury brand on a social networking site (according to Unity Marketing) Biz Report