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Originally Posted by iheartphilly
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I wouldn't generalized too much about who buys luxury goods and who doesn't. Rolex doesn't mean you are an old man or woman and you are well to do. Lots of young kids, rich or not have Rolex watches on their wrist, if they want it. Nice power suits like the ones sold at Boyds probably needed for those in the business that need to dress that way and meet with clients or in an industry where that is still the norm except dress down Fridays. Handbags is the same, doesn't mean you have money or need to be old. It's just making a fashion or fashion accessory statement and people save up for it and front it. So called "poor" people like those LV handbags and Christian Louboutin shoes just as much as rich folks. I've seen it all over the place. Kinda link people that drive Mercedes or BMWs but live in the hood, kinda thing. There's a market for Luxury good but KOP has a lock on those shops for the most part in this area.
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Now this is what I live for right here.
I'm glad you brought up the topic of people on the lower income side wearing high end brands, and driving high end cars. I see it everyday, I know people who do it, I understand it.
The issue is these luxury brands want solid business, of course anyone can buy these brands to stunt, flex, or they just have daddies money like you mentioned, however they aren't catering to them, that's just extras on their plate, these companies want solid money from solid pockets.
75% of the time (and I'm being generous), a lot of designer items you see are in fact fake, albeit from "cowtown" "NYC" "Or in our very own "Philly".
Cars can be bought used, so that's not a good argument, what you want to look for in cars, and especially luxury cars are, are they maintained on the level they need to be?
BMW isn't opening up a dealership on Girard just because there's 100's of Beamer Benz (
No) Bentley in Poplar.
Just like Gucci isn't opening a store on Walnut, because
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young kids, rich or not have Rolex watches, Kinda like people that drive Mercedes or BMWs but live in the hood, kinda thing.
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The high end stores will stay in KOP until the Market can support it, we already have luxury coming, it's here, it's building, it's growing.
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