“Revenge saving”

May 31, 2020,09:16 AM
 

An interesting read

https://www.europastar.com/the-watch-files/resilience/1004091986-china-revenge-saving-not-revenge-spending.html

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A very different perspective and worth reading.

 
 By: andyhud : May 31st, 2020-09:48
Thanks for sharing. I do wonder if Westerners (myself included) will revenge spend as the economy loosens. I’ve pre-ordered my next piece already but this makes me think about a slightly different approach...

When one of the first LV stores in China re-opened again after the lockdown....

 
 By: Clueless_Collector : May 31st, 2020-10:12
it broke the highest single day sales record.... One Billion HNW individuals are spending wisely now, with better "connections" because they can support the business during this pandemic times. Eventually, the other new x billions of people will later bec... 

This man is not discreet... This article has little to no new information... Where's the catharsis?

 
 By: patrick_y : May 31st, 2020-10:42
Discretion is not a part of this man's vocabulary. Yes, people do wonder "what color should my next sports car be?" and "what tourbillon do I acquire next" but nobody publishes that in print for the public as it is a private consideration. It was painful ... 

Cringe-worthy. Maybe cultural differences. Maybe something lost in translation.

 
 By: U3O8 : May 31st, 2020-13:33
Most of here are lucky. We have what we need. And some of us are able to acquire some of the things we want. In general, from reading posts here over the last few years it seems like there is more informed appreciation than unappreciated acquisition. It’s... 

👍🏿 [nt]

 
 By: Lankysudanese : May 31st, 2020-23:01

This so call phenomenon is happening every where..

 
 By: iceheller 1945 ✌️ : June 3rd, 2020-02:21
When Lafayette reopened, q were forming in LV, Hermes and other luxury boutiques as well. ; ) So it not just happening in China, Korea or etc. Cannot wait to hit Hugo Boss store as well if they have discount. Hahaha