My business savvy itโs instinct. Everything I do is just really my intuition, and every time I go against my intuition, itโs a mistake. Even though I may sit down and analyze and intellectualize something on paper, if I go against my gut feeling, itโs wrong.
Tamara MellonI often get the question from people, "well how can you sell luxury at that price?" What I'm explaining to everyone is I'm still paying the same factory cost as I paid when they were $800. I pay the same as my competitors who are in the luxury space pay, I just don't mark them up as much because I haven't put them in a wholesale channel. I don't have to put that extra margin on them.
Tamara Mellon