Word: consumerized
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A blindfolded research analyst spins around in circles and inaccurately pins the tail on "The Feds," - one of the eight economic culprits scrawled on an oversized poster board alongside the boss caricature. A former hedge fund manager pins his thumbtack somewhere between "The Economy" and "Consumer Spending" while a few...
"In some ways, the world has become accustomed to the United States being a voracious consumer market and the engine that drives a lot of economic growth worldwide," Obama said, hinting that this position may not be sustainable. "We're going to have to take into account a whole host...
Stimulus Spending As an economic theory, the concept is widely accepted: When consumer and corporate spending collapses, government should increase its spending to prevent a downward economic spiral. The real controversy comes with the next questions: Which government, and by how much? Economists at the International Monetary Fund have recommended...
All this means fashion lovers are cutting back on spending. "Right now we are seeing signs of de-premiumization - meaning that shoppers are trading down for cheaper items," says Victoria Grankina, a retail analyst at leading Russian investment bank Troika Dialog. "Overall, the luxury market really struggled in December and...
Some high-end foreign boutiques like Stella McCartney and Alexander McQueen, which opened in Moscow just a year ago, have also closed their doors. Italian jeans retailer Diesel recently shut all its shops in Russia. Still, if Russia's fashion industry has one thing to put its faith in, it...