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It can work for luxury, but if the consumers you depend on to grow your brand are rejecting you based on price, that's really kind of dangerous territory. Zak Stambor:. We saw that with Procter & Gamble, which hiked prices like 10% across the board and they had a really bad quarter as a result. People did just go elsewhere because they didn't want to spend that much when there are alternative options.

But it's pretty impressive, last year Lego had an annual revenue of about $9 billion and boasted operating profit margins that exceeded the luxury conglomerate LVMH and luxury space car manufacturer Ferrari. So it's pretty incredible what they've done. Max Willens:. Not bad for a second act. Marcus Johnson:. You say he moved from...

Could you do partnerships with larger corporate office buildings or luxury apartments? I think taking that strength of the physical equipment and making it more available to members wherever they're spending their time is what I would do. Marcus Johnson:. You said they a lot. I needed more we for you to get more into character. Sarah Marzano:. Yes, we, right. Marcus Johnson:. No, it's fine.

You can tune in tomorrow to hang out with Sara Lebow, host of the Reimagining Retail Show, where she'll be speaking with Sky Canaves and Zak Stambor all about luxury.

In the UK, in 1953, TV was still a relative luxury. But how many people were there estimated to be watching the event live on TV that year in the UK? A, 11 million; B, 27 million; or C, 36 million? Carina, I'll start with you this time. Carina Perkins:. I'm going to go with 36. That might be a bit high, but I think lots of people would've tuned in. Bill Fisher:. Okay. Matteo? Matteo Ceurvels:.

He's coming from the smaller luxury space of Bloomingdale's and he's going to infuse some of that back to basics customer service into the store. They just announced how they're going to start fueling more salespeople into the store. At the same time, they're doing cost-cutting. So they're investing and they're cost-cutting, which will help their bottom line.

So those then tend to be a bit harder to reach outside of the luxury items, but it is a great way to target a more educated and more well off populace, since they are spending a bit more time with the podcast medium and they're a bit more engaged when they're listening to these types of content.

Luxury goods like handbags, sneakers, watches, collectibles. It's offering authentication and in some cases even storage like for trading cards. But I'm not sure that that'll be enough to turn the tide, in terms of how it operates its marketplace, yet it's still mostly consumer to consumer.

It is a luxury. Yeah, I mean it's just cost prohibitive at this point. Paul Verna (30:22):. And if you do like to go see concerts, you've probably blown your annual budget on Taylor Swift or. Rahul Chadha (30:29):. The stone. I was going to say, how much did Taylor Swift skew that average? Because I imagine her and Beyonce probably have pretty expensive tickets. Yep. Marcus Johnson (30:38):. Rahul,.

It is a luxury. Yeah, I mean it's just cost prohibitive at this point. Paul Verna (30:22):. And if you do like to go see concerts, you've probably blown your annual budget on Taylor Swift or. Rahul Chadha (30:29):. The stone. I was going to say, how much did Taylor Swift skew that average? Because I imagine her and Beyonce probably have pretty expensive tickets. Yep. Marcus Johnson (30:38):. Rahul,.

Oh, this is a tough one because I know the number for this data on luxury from our own consumer survey back in June, which was like 9% and that was from consumers overall.

They just don't have that luxury. But I do think that, like GDPR and similar kinds of interventions in the status quo, there is going to be a lot of discombobulation, a lot of trial and error, a lot of confusion, and a good bit of the long tail of advertisers just waiting for everyone else to figure it out before they switch over until the clock runs out. And then it's just kind of-. Marcus Johnson:.

So the Mets, by contrast are getting paid $270 million and if you take in the luxury tax, it comes out to actually $380 million. So the Mets will probably have a much better season than the 1985 Braves did. But given how much more money they've spent due to how baseball and professional sports has changed, they're still spending money pretty spectacularly terribly. Marcus Johnson:.