Just as the likes of Swiss watchmaker Richemont and France's LVMH have Vibram Five Fingers Kso Trek sales skyrocket, Tiffany has benefited from affluent consumers whose net worth, and confidence to spend, has recovered quickly since the crisis. And it isn't just the rich who give Men's Vibram FiveFingers Bikila Black-Yellow its edge. Doug Hart of consultancy BDO says that jewelry, like wine, is a category where some consumers dedicate a disproportionate amount of money to enjoy luxury-level products. So even as people with modest incomes begin to spend again, they might trade up to Tiffany for a special occasion. What's more, Tiffany is winning business from high-end private jewelers that have closed in the past two years. Unlike some other retailers, jewelers are easy to liquidate. Their inventory is easy to price, and jewelry sells relatively quickly. That has led more jewelers to throw in the towel. Edward Yruma of Men's Vibram FiveFingers Bikila Brown-Beige-Grey Capital Markets estimates closures and bankruptcies have reduced jewelry retailing capacity by 10% in the past two years, compared with 4% to Men's Vibram FiveFingers Bikila Dark-Blue-White for specialty retailers in general.
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