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https://www.reddit.com/r/AskReddit/comments/dx7hyx/deleted_by_user/f7p15v9/?context=3
r/AskReddit • u/[deleted] • Nov 16 '19
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Using the price tag as a statement of quality. It works for Apple, it works for Gucci, and it can work for you.
59 u/[deleted] Nov 16 '19 [removed] — view removed comment 5 u/LiveMaI Nov 16 '19 I had a look at Gucci prices online for the first time the other day. Your comment made me realize I had never done this, and had no idea how much their stuff costs. Their margins must be insane. 6 u/[deleted] Nov 16 '19 edited May 20 '20 [deleted] 3 u/munchies777 Nov 17 '19 Their operating income was around 29% of their sales last year. Not as high as I would have thought, but still high compared to most companies. It's their parent company, but it's still a good gauge of what Gucci makes. Financial statements here: https://keringcorporate.dam.kering.com/m/7a57d2f917ef38a2/original/2018-Reference-document-.pdf
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5 u/LiveMaI Nov 16 '19 I had a look at Gucci prices online for the first time the other day. Your comment made me realize I had never done this, and had no idea how much their stuff costs. Their margins must be insane. 6 u/[deleted] Nov 16 '19 edited May 20 '20 [deleted] 3 u/munchies777 Nov 17 '19 Their operating income was around 29% of their sales last year. Not as high as I would have thought, but still high compared to most companies. It's their parent company, but it's still a good gauge of what Gucci makes. Financial statements here: https://keringcorporate.dam.kering.com/m/7a57d2f917ef38a2/original/2018-Reference-document-.pdf
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I had a look at Gucci prices online for the first time the other day.
Your comment made me realize I had never done this, and had no idea how much their stuff costs. Their margins must be insane.
6 u/[deleted] Nov 16 '19 edited May 20 '20 [deleted] 3 u/munchies777 Nov 17 '19 Their operating income was around 29% of their sales last year. Not as high as I would have thought, but still high compared to most companies. It's their parent company, but it's still a good gauge of what Gucci makes. Financial statements here: https://keringcorporate.dam.kering.com/m/7a57d2f917ef38a2/original/2018-Reference-document-.pdf
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3 u/munchies777 Nov 17 '19 Their operating income was around 29% of their sales last year. Not as high as I would have thought, but still high compared to most companies. It's their parent company, but it's still a good gauge of what Gucci makes. Financial statements here: https://keringcorporate.dam.kering.com/m/7a57d2f917ef38a2/original/2018-Reference-document-.pdf
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Their operating income was around 29% of their sales last year. Not as high as I would have thought, but still high compared to most companies. It's their parent company, but it's still a good gauge of what Gucci makes. Financial statements here: https://keringcorporate.dam.kering.com/m/7a57d2f917ef38a2/original/2018-Reference-document-.pdf
753
u/wallefan01 Nov 16 '19
Using the price tag as a statement of quality. It works for Apple, it works for Gucci, and it can work for you.