Recession 2019/2020 Mega-thread (putteth all thy strange eruption in h're)

Started by littleman, December 21, 2018, 09:43:18 PM

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rcjordan


Drastic

>economic stimulus

I think we've given up on this until after the election. It seems one party doesn't want to negotiate to supply more relief while orangeman is in charge.

rcjordan


rcjordan


Brad


ergophobe

Ah... I meant to post an article by Raj Chetty earlier. I wonder if I can still find it.

rcjordan


rcjordan


Rupert

... Make sure you live before you die.

rcjordan

>half the UK high street

From over here it seems like the UK retail bricks economy is taking a harder, deeper hit than the US.

<+>
The fall of Topshop
https://www.fastcompany.com/90581871/where-topshop-went-wrong

Rupert

And another.  formal wear is struggling... Tell me about it!  A cousins wife, who works in a charity shop was telling me how she could not shift second hand suits.
now this:

https://www.standard.co.uk/business/leisure-retail/thomas-pink-up-for-sale-as-covid19-hits-demand-for-office-shirts-b257770.html
... Make sure you live before you die.

ergophobe

I wonder if this is permanent or if it will come roaring back when people are able to hold fancy parties again.

I think the long-term trend is away from formal wear and even "business" attire, which seems rarely worn in most business settings now. But I think for "evening" formal wear, there will be a thirst for events and for splurging once people can.

Rupert

... Make sure you live before you die.

Brad

I may have flicked past an article recently while I was doom-scrolling but I didn't read it.  The teaser was something about a Black man dressing up because he was taken more seriously by others.  That is true no matter what your ethnicity: if you walk in wearing a business suit and tie you get treated differently (read better) than some schmuck in jeans and a hoodie.   You are signaling that you are a player rather than a mark.

There are marketing points here but you have to educate the intended customer base as to the benefits.

Back in the early 1980's, when I was starting out and needed to wear suits, I bought the book "Dress for Success" by John T. Molloy.  It served me well on building a wardrobe for work on a very tight budget.

buckworks

Molloy's "The Woman's Dress for Success Book" was not as good as his book for men IMHO but I learned from them both.