Spend threshold for B/K/C

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Do you think prespend ratio will come down due to economy
For some long tenured, high spending clients perhaps. There are also always better opportunities for high net worth clients, VIPs, or those with potential for high future spend. (I don’t fall into these categories lol)

But, I don’t see prespend coming down significantly bc that would damage the core brand and valuation / share price of the company. What has kept the value of the company up is the perception that the coveted H client is somewhat impervious to economic downturn.

IMO only
 
Do you think prespend ratio will come down due to economy uncertainty?
I think it will. A lot of non-QBs are now handed out freely to drive sales and while I don't think they will ever do that with QBs the ratio will likely fall as reseller prices soften. Ultimately, it's a supply and demand game - China has seen pre-spend come down across the board due to weaker economic conditions. I know people who snatched up coveted bags during COVID without any pre-spend (granted a much bigger crisis at the time than economic uncertainty). I actually think newer clients are having an easier time getting QBs now fwiw. JMO.
 
Does Kelly to Go count on prespend? As it is SLG.. but still Kelly..?
Popular belief is that while all non bag purchases count toward prespend, some categories "count" more than others so any SLG may count a bit less than jewelry, rtw etc. I highly recommend simply buying what you love and not fretting too much about categories that count or prespend. Just enjoy! Happy shopping!
 
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