The gotta-have souvenir at the Vancouver Games is a sign of just how far the global recession set back the world economy: a $10 pair of red mittens.
Amid the flurry of $135 Olympic jerseys and $225 Olympic sterling silver pendants, no merchandise is catching on like these Canadian red mittens, which have the country's maple leaf symbol in each palm.
"In the current economy, a mass-oriented price point helps a lot," says Marty Brochstein, senior vice president at the International Licensing Industry Merchandisers' Association.
The recent surge of the $10-and-under retail price isn't limited to the Olympics. It's why the Zhu Zhu Pets mechanical hamsters became a phenomenon at Christmas. And it's why major pizza chains are promoting pizzas — any size, any toppings — at $10.
"The $10 mittens are the 'it' souvenir of the Olympics," says Mark Kinnin, vice president of maker Hudson's Bay.
To read full USA Today story — Go Here Now.
|
