Posts Tagged ‘luxury’

Gilt Free Luxury: Gilt Groupe’s Co-Founder Talks with TILE

Monday, March 7th, 2011

Alexandra Wilkis Wilson took her 5th Avenue fashion sense to the world wide web, and the result – members-only designer discount site Gilt Groupe – is changing the way luxury retail is done. She sat down with TILE to talk about the online sample sale phenomenon, and to share some advice about buying designer.

Does thinking luxuriously impact your decision-making abilities?

Thursday, January 13th, 2011

mr-burns.jpg
credit: lisatozzi

You know how some medications say “do not operate heavy machinery or make important decisions while taking this medication?” Well, according to a new study conducted by Harvard Business School, it might not be the best idea to make certain decisions while thinking about your next big bonus either. Especially if those decisions impact other people – like your boyfriend or girlfriend, your sibling, your friend, your co-worker.

Here’s an excerpt from the study:

  • People who were asked to think about luxury before a decision-making task were more likely to endorse self-interested decisions that might potentially harm others.
  • Although luxury does not necessarily induce people to harm others, it may cause them to be less considerate.
  • Limiting corporate excesses and luxuries might be a step toward getting executives to behave more responsibly toward society.

Audi Is Catching Up To BMW And Mercedes

Tuesday, August 3rd, 2010

Audi sales continue to exceed expectations as it plans to emerge as a luxury car leader.

  • Thanks to very strong car sales, Audi’s second-quarter earnings were “very significant” when compared to those of 2009.
  • Sales of new Audi’s reached a record high in 2008 when more than 1 million cars were sold.
  • Demand for luxury cars declined when the economy fell, but has since recovered faster than expected.
  • Audi plans to reach 1.5 million cars sold in 2015, but now thinks it will do so much earlier.
  • New models, the small A1 and luxury coupe A7, have just been released.

Facts & Figures

  • In the first half of 2010, Audi’s car sales jumped 19% to 554,950.
  • Audi is owned by Volkswagen.
  • Audi plans to sell about 200,000 A7 cars over the course of 7 years.

Best Quote

“We will exceed the 1 million [car sales] significantly this year.” -Rupert Stadler, Audi, Chief Executive