Keith’s game is too hard for an economist, so permit me to cheat and talk about China (chin, chi, hi, i).
The WSJ is reporting that IKEA. is the place to go in China for free coffee and a preview of their approaching consumer lifestyle.
Hundreds of seniors are flocking there and a dating scene has popped up. I liked this quote;
“In China, IKEA is planning to up its nine locations to 17 stores by 2015 to meet demand from the nation’s growing middle class, who aspire to Western lifestyles at affordable prices. But some are still in the gawk-phase. They come out of sheer curiosity, or to behold the vast spaces bursting with thousands of gadgets and creature comforts.
As culture and commerce intersect, some unusual behavior has emerged. And older folks aren’t the only troublemakers. Young people, often with kids in tow, plop on chairs to watch videos on their smartphones. People aren’t shy about kicking off their shoes and tucking into display beds for a nap.”
Aerosmith could revamp their classic for this older generation?