Saturday, August 14, 2010

What is the consumer thinking today?

Brett Owens tries to understand the American consumer


The recovering spending addict that is the US consumer still reaches for his or her "fix" of the good life.

...

Most shoppers are being described as "schizophrenic consumers":

They splurge on high-end discretionary items and cut back on brand-name toothpaste and shampoo. Companies such as Cupertino, California-based Apple (AAPL), whose net income jumped 94 percent in its last quarter, and Starbucks Corp. (SBUX), which saw a 61 percent increase in operating income over the same time frame, are thriving.

An incredible experience at a restaurant would qualify as a "fix". Provide it!