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New York--When the cloud of the current economic recession lifts, it will leave in its wake a consumer who is remarkably different than the consumer of today.The retailers who will survive in this brave new world will be those who understand the changes.That was the message delivered by the first three speakers--including the chief executive officer of the country's largest jewelry retailer, Wal-Mart--on Monday morning at the National Retail Federation's annual conference, being held through Wednesday at the Jacob K. Javits Convention Center in New York. 
The World Federation of Diamond Bourses (WFDB) is urging its members to maintain confidence in the long-term prospects for the diamond industry, despite the slide in holiday spending and the current economic downturn. According to a release from the organization, WFDB President Avi Paz said the drop in spending over the 2008 holiday season was inevitable, given consumers' general mood. 
The first major jewelry trade show of the year, the aptly named Vicenzaoro First show, opened on Sunday, providing buyers with a look at the latest in Italian jewelry design and offering up a worldwide preview of 2009 jewelry trends. 
I really hate those fashion reports on cable television where a bunch of catty "experts" sit around sounding like mean girls in high school. But, as I watched the Golden Globes last night, I wondered if the celebs were collectively taunting such critics. I kept trying to focus on the task at hand (picking out the jewelry trends that will translate into the real world for 2009), but kept getting distracted by thoughts like: "Huh. Apparently NO one looks good in black lace..." and "Really? Is it THAT hard to find a tuxedo that fits? (or, a tuxedo in general?)" 
Happy New Year! Let's be counterintuitive for a moment, shall we?
"Do you think they will really understand what you want me to share with them?" asked Frank. "I mean many of my people don't have a lot of education and they're not in business. Why would they understand income statements, balance sheets, efficiency ratios, and utilization percentages? And why tell them now, in the middle of the worst recession in 70 years? Should I tell my family too?" 
As the economy is forcing companies to cut costs -- or at least scaring them into doing so -- one important aspect of business is being left behind in the panic: customer service. For the past few decades it has taken a backseat because of budget cuts, outsourcing , and the loss of talented staff. As companies go down to the bare minimums this coming year, sadly this trend might continue. 
While television remains the most popular consumer device for viewing video content, it's fast falling before the march of alternatives, according to a report released Thursday by Deloitte.
Online marketing isn't only for e-commerce merchants. Retail shops, manufacturing concerns and service businesses alike can benefit from online marketing. And you don't have to be a tech wizard to get in the game. A host of firms provide products and services that make it easier than ever to take advantage of the Web as a marketing tool.
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GemFind: Diamond Search, Web Development, JewelCloud , ring builder, stud builder, pendant builder 2009-01-13
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Tags: 2009, January, Uncategorized
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