There’s no denying that luxury brands are increasingly taking their cues from athletic brands, specifically where footwear is concerned. Gucci, in this instance, does not only want to dress your feet for the office or for a date, they, too, want your soles atop their sliders so that you don’t need to go pick your free copy of Today in generic flip flops. Desiring to cover all categories of footwear is understandable since a business will find all means to grow, but the need for luxury brands to ape the product offering of sports brands is curious.
Larry Solomon ran the UAW local in Decatur, Illinois, when the Caterpillar VEBA was established. Before the VEBA, Solomon says, one of the benefits of being a UAW worker in Caterpillar was free retiree health care for life. But now, Solomon, who suffers from diabetes, has to pay $200 out of his $1,000 monthly pension check for health care.
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