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View Diary: Irish Workers Occupy Waterford Crystal Factory (277 comments)

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  •  Crystal & porcelain and other Waterford Wedgwood (0+ / 0-)

    products may be collectibles and be wonderful quality items, but alas most people these days don't have the time/money/inclination to buy that sort of thing.  The companies making such luxury products are still suffering financially, even though one would think that their customers would still have enough resources to continue spending.

    Look at Tiffany's, for example -- they just announced that their 2008 holiday sales were 21% lower than last year's holiday sales.  Richemont -- which includes Cartier watches, Van Cleef & Arpels jewelry, and Montblanc pens -- said its sales were down 12% during the fiscal quarter that included Christmas 2008.

    "Specialization is for insects." -- Heinlein

    by BachFan on Sat Jan 31, 2009 at 12:07:32 PM PST

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    •  Bad Marketing (3+ / 0-)
      Recommended by:
      Mary Julia, 3goldens, JesseCW

      The other possible theory is simply bad marketing. Where are the ads targeting younger buyers? Have they made any attempt to exploit the recent nostalgia craze?

      And your numbers are far too recent to indicate a long term decline.

      2008, if you haven't noticed, was the beginning of a recession.

      They don't pay me enough to save, and they don't pay me enough to spend. So let 'em bail their own asses out and stop blaming me. -Joy Busey

      by James Kresnik on Sat Jan 31, 2009 at 01:06:24 PM PST

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