We didn't have any quantitative analysis on the broad effect of digital on watches. It was more anecdotal and 'gut' sense that cell phone and other technology would begin to eat into watch sales.

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Buying power, we know, is one key signal of the growth and size of the vital GLBT consumer market. In our report, we cite buying power as another term for 'disposable personal income,' which is the total after-tax income available to an individual to spend on personal consumption, personal interest payments or savings. According to economists, it roughly equals 86% of income.

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That's on everything from music to college tuition.

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The days of the $150 pair of toddler jeans, the $1,000 high-chair and the $2,000 leather-lined stroller are upon us and manufacturers as well as retailers are accommodating. However, these consumers are also big on nostalgia, high-quality durable items that will last through multiple baby-lives, high-tech features that will make their lives easier, and high-fashion at bargain prices.

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Thanks in part to the success of high profile professionals who are helping to reshape the image of golf in a positive and hip way, the appeal of golf to younger generations, women, and more diverse ethnic groups is starting to evolve.

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