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Change In the Distribution Of Income at The National and Regional Level

 

Changes in the distribution of income at the national and regional level

Analysis of national and regional income thresholds for individuals and households

Why it matters

The business economics of the fine jewelry business are such that retailers require large margins to compensate for the fact that inventory is costly while consumers buy jewelry infrequently.

Fundamentally, economics of the business are not sustainable in areas with sparse populations of qualified prospects. For this reason, analysis of national and income thresholds lets you know which markets to target plus at what price points for your jewelry products.

For example, comprehensive analysis of income thresholds for individuals and households in Mississippi clearly indicates the state is a terrible location for sales of luxury jewelry. Nevertheless, retailing of jewelry at entry price points can be successful.

Similarly, much of Louisiana is a terrible location for sales of expensive jewelry. However, there is strong concentration of high-income households in pockets of the New Orleans metropolitan area and these can be targeted for sales.

Changes in the distribution of income at national and regional levels (Section Links)

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