Well, when everything in your life costs ~46% more than it did 4 years ago... Even "wealthy" people stop buying as much or as expensive stuff. Unless you are in the "Super Rich" category, luxury's are the first to go.
Archive: https://archive.today/IzkNI
From the post:
>British designer Ted Baker will shutter all 31 of its US stores after filing for bankruptcy last month. Customers can now snap up its clearance sales with up to 30 percent discounts at all of its locations in North America and Canada. Ted Baker filed for Chapter 15 bankruptcy in a New York court last month, following similar proceedings in Canada and the UK.
Well, when everything in your life costs ~46% more than it did 4 years ago... Even "wealthy" people stop buying as much or as expensive stuff.
Unless you are in the "Super Rich" category, luxury's are the first to go.
Archive: https://archive.today/IzkNI
From the post:
>>British designer Ted Baker will shutter all 31 of its US stores after filing for bankruptcy last month.
Customers can now snap up its clearance sales with up to 30 percent discounts at all of its locations in North America and Canada.
Ted Baker filed for Chapter 15 bankruptcy in a New York court last month, following similar proceedings in Canada and the UK.
(post is archived)