The "Joneses" are getting squeezed

[a529612]

Saks Chief Executive Officer Stephen Sadove said Nov. 20 that its ``aspirational'' customers were hurt by the U.S. economic slowdown.

``Aspirational'' shoppers have an average annual household income of $75,000, according to Citigroup analyst Charmaine Tang. They include consumers who stretch their incomes to buy, for example, a $500 handbag and cut such spending when their budgets tighten.

http://www.bloomberg.com/apps/news?pid=20601109&sid=aJG2DErU3z8w&refer=home

 

[nkhoi]

not sure if that is the case, check out COACH

 

[hypostomus]

I definitely am buying fewer handbags because I cannot afford as many girlfriends.

 

[nazzdack]

They'll give you a $100 discount if you allow them to embroider the word "douche" on each side of the handbag.

 

[frank grimes]

any here shop at jos. a banks?

 

[frank grimes]

they have great dress shirts, but i just bought cords for $25.00!

 

[frank grimes]

oh shit! in LA!...gas prices anyone?

 

[nutmeg]

Eh, the twenty is the new five dollar bill.

 

[infolode]

Quote from nutmeg:

Eh, the twenty is the new five dollar bill.

Then, I just stiffed a waitress.

 

[blackjack007]

Quote from hypostomus:

I definitely am buying fewer handbags because I cannot afford as many girlfriends.

this is why it's better to date college-age girls. they are lower maintenance (financially). you can make them happy with a $150 handbag. chicks in their upper 20s and beyond usually have more expensive taste because they've been working a while. they'll want a $800 handbag and $400 shoes for x-mas.

this is today's words of wisdom for e.t., courtesy of me.