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Even 20 years ago, teens were only interested in one or two pieces from Tiffany, namely the ‘Return to Tiffany’ bracelets and necklaces, and maybe an Elsa Peretti heart necklace or earrings. These items are still popular among some teens. But teens weren’t the core customer for the rest of their range then, and they aren’t now. They’re not priced to attract teens.
Of course, this has nothing to do with millennials, who are nearing 40.
Gap cannabilized its own customers by offering better, cheaper stuff at Old Navy. Old Navy used to be a lot lower quality and less stylish than Gap. Now Gap looks like a crappy, bland, low-quality, overpriced Old Navy has been.
Millenials and younger gens are still living in Mom & Dad's basement - they can barely afford the latest iPhone much less well crafted art items. They'll just wait for mom & dad to die, inherit some stuff, and sell it for the next iPhone, then text how life is so unfair.
You do realize that the oldest Millennials are in their late 30s. Many make six figures, have solid careers, and are the biggest contingent buying homes right now. I don’t know any Millennials in this contingent you mention who live in their parents’ basement making no money. Most I know (I am a late Gen X) have good careers, own homes, have kids in multiple activities, etc. They simply have no interest in Tiffany’s because they are busy spending their money on other things like activities for their children, paying off student loans, etc.
What young person can afford Tiffany's anyway? I still like the Gap but mainly baby gap for my daughter.. the clearance section only. Target sucks.
Why do people lump everyone together?
I put this in the fashion section instead of current events since obviously it's talking about fashion
I like Target. Haven't been to a Gap in ages, but I plan on trying it for some jeans. Jeans aren't high quality, any more, so having trouble finding new ones. But I'm older. I never went by store name, anyway.
What young person can afford Tiffany's anyway? I still like the Gap but mainly baby gap for my daughter.. the clearance section only. Target sucks.
Why do people lump everyone together?
I put this in the fashion section instead of current events since obviously it's talking about fashion
Not surprised to see Harley Davidson mentioned too. Back when I started riding motorcycles in the early 80's there were still a lot of nice older bikes riding still. I had a 72 chromed out sportster, an 82 sporterster and a 92 and 99 sportster 1200.
When we got the 99 in 2001; Harley's were all around. Suddenly every yuppy had to have one, and they did. Harley has enjoyed a huge surge due to that, then people wanted cheaper bikes or they just don't ride at all due to traffic
Quote:
At Harley Davidson, sales of motorcycles have been decreasing since 2014. The brand once represented freedom and the possibilities of the open road. Now, young people want to use ride-sharing companies to move around.
The other problem of logic we see here is that brands, and their popularity, wax and wane. This is neither surprising nor a cause for alarm or angst, as it's been the way things are for decades. So Tiffany and Gap and Harley Davidson have had their day. So what? Other brands take their place, and they too will fall out of favor some day.
I have two millennials and neither one lives in my basement. Nor do any of the millennials I know off.
Generalize much?
I have one millennial and he is currently living several states away. I will say that he is absolutely not interested in name brands; not at all.
He used to work as a buyer and clerk in a very large second hand store in Chicago (when he was in college) and he is ALL about secondhand stores.
If I buy him a nice say . . Nautica shirt for Christmas; he'll ask me how much it costs and then tell me he could probably buy the same thing for two dollars.
"Like their parents were"? My kids are in their 30s, and neither my wife nor I ever considered buying anything from Tiffany & Co., and only bought at the Gap because our kids wanted something from there when they were still at home. I have no idea where they buy anything now that they are grown and on their own.
I mainly bought my pants at the Gap in the 70’s. It was very popular with kids. It was a very different type store then. Cubes full of jeans, nothing remotely expensive. I lived in Levi’s navy blue cords, I wore them till the day I did the post-wash “split” to loosen them up and the actual pants would split at the thighs. I always knew the day was coming cause the inner thigh would start to become thin and see through. Then I’d go to the mall, right to the Gap, go to the cube with my size of the exact same pants and start all over.
Once we were going somewhere and had to be there at a certain time and that’s the day they picked to tear. I had a fit/tantrum and insisted I had nothing else to wear, till my mom agreed to stop at the mall so I could grab a new pair on the way. What can I say, except my butt looked great in them, lol.
I have one millennial and he is currently living several states away. I will say that he is absolutely not interested in name brands; not at all.
He used to work as a buyer and clerk in a very large second hand store in Chicago (when he was in college) and he is ALL about secondhand stores.
If I buy him a nice say . . Nautica shirt for Christmas; he'll ask me how much it costs and then tell me he could probably buy the same thing for two dollars.
So I have stopped buying him anything expensive.
Does that extend to sneakers? My nephews even at 11, 12 years old would ask me for certain sneakers for Christmas and I’d look them up and they were $150! I said you’re nuts, here’s a $50 Nike gift card, save up for them.
The most expensive sneakers we had were Converse and even they weren’t that expensive. I had to wear Bo-Bo’s though, which meant cheap K-Mart type sneaks.
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