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There are many luxury brands in the world. Consumers always look for the new brands in this segment. The hype of the consumers and the excitement in the market turns any particular brand to a luxurious category. These brands are related to fashion, automobiles, perfumes, watches and other groups. However among many brands available all over the world, there are very few that have made their way to the top most labels. The famous luxury brands includes: Louis Vuitton, Gucci, Chanel, Hennessy, Armani, Tiffany & Co. etc.
Sustainability of Luxurious Brands
The present economic scenario has posed a threat to the consumers and manufacturers of the luxurious brands. This menace jeopardizes the survival of such brands in the recent credit crunch [...]
One of the reasons luxury brands stayed away from Social Media in the past is because luxury, as part of its definition, needs to be exclusive. Making one's brand immediately accessible and opening it up for all to see went against the very thread of its being. But now, luxury brands see no other way to recover. The trick will be how much to engage in a personal, direct conversation with general consumers and how much to still remain mysterious and exclusive. At the National Retail Federation's recent conference (held at the Javits Center in NYC) a new term emerged that describes this emerging phenomenon: "The New Luxury Paradigm."
Wealth used to be measured in how much one had and how much they spent. Today, the new definition of wealth embodies a more tenured approach to opening one's wallet. It seems passé to look like one is wasting money. Instead of purchasing a few big ticket goods, luxury consumers are gobbling up smaller ticket items, but in greater number [...]
The invention and development of computers have made it possible for some tasks to be automated. These technological advances in the electronics industry have enabled business tasks to be more manageable and organized. One of the industries that benefits from such improvements is the death care sector. Cemetery businesses now employ management software that allow them to easily upload cemetery records online among other business data.
Of course, this feat would not be possible without the Internet, which has paved the way for faster information sharing. Today, businesses can be searched within a few seconds and with a few mouse clicks. Websites of cemetery businesses allow existing and potential clients to access information about the services they offer and other details, such as the location of their cemetery or head office and contact information [...]
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