According to The Atlantic Daily, mens underwear may be intimately connected with recessions. How, you ask? Alan Greenspan, Fed chairman once suggested that sales of men’s underwear is, “inversely proportional to economic anxiety.” His comment has been supported by other product sales when money gets tight, such as champagne, cigarettes, and snacks. On the flip side, demand for lipstick, high heels, scary movies, and used clothing often increase during these periods. For more and to watch a video about this topic, visit: Clues That a Recession Is Coming
Tag: products
Word of Mouth
We often see social media rants about products, but do they actually represent how we feel about the brands or are they really just a way to blow off steam? Janet Morrissey for the New York Times explores this question in her article, Brands Heed Social Media. They’re Advised Not to Forget Word of Mouth and reminds companies what studies show. Even when we put things out for the world to see, the words from our mouths the next day may be a very different story.