The Margin: Sorry, $2,500 tickets to visit Santa at famed London department store are sold out [MarketWatch]
Macy's Inc (M)
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Source: MarketWatch
Sorry, $2,500 tickets to visit Santa at a famed London department store are sold out As Ebenezer Scrooge said in “A Christmas Carol” by Charles Dickens in 1843: “Bah humbug”. Harrods, on Brompton Road in London’s posh Knightsbridge district since 1849, has been the subject of some curmudgeonly displeasure for several days now. That is, since the U.K. media got wind of the fact that not just anyone can visit Santa at its luxury Christmas grotto this year. Nope, it’s by invitation only and with a minimum store spend of 2,000 pounds, or $2,567.07. Cue the outrage: The Grotto has been operating by invitation-only for the last two years. Due to high demand, this year entry has been limited to a certain clientele based on what they spend - categorized as Green 2 Tier 1 and above in its loyalty scheme. The Harrods rewards program has four tiers of spending: Green 1 Tier (up to £1,999), Green 2 Tier (£2,000 to £4,999), and Gold Tier (£5,000 to £9,999). Harrods has had the information posted o
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