Quote of the day

“Our customer may pull back, but she won’t pull out and she won’t trade down. Remember, when our customer tightens their belt, it’s generally ostrich or alligator.”
Neiman Marcus CEO Burt Tansky on the subject of the economic slowdown

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4 Responses to Quote of the day

  1. Anonymous says:

    Who shops at neiman marcus anyways!
    On the subject of “budget” just found this amazing online-shop some very affordable, like this:


  2. indigo16 says:

    So wrong, but so funny.

  3. atelier says:

    I think not only that social class buy at NM because they have affordable garments which probably aren’t bought by Upper East Side-people, so I guess they will have problems too!!

  4. Blue Floppy Hat says:

    Wrong, but there’s a certain flair to that pronouncement nonetheless..

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