--- title: "Meaning & Key Takeaway of: We are committed to investing in new…" description: "\"We are committed to investing in new technology so we can remain a leader in the online luxury business.\" — Karen Katz" image: "https://sms4smile.com/quotes/i/006/karen-katz-17044_business_we-are-committed-to-investing-in-new-tec_1780997.jpg" --- # We are committed to investing in new technology so we can… ![“We are committed to investing in new technology so we can remain a leader in the online luxury business.” quote by Karen Katz](https://sms4smile.com/quotes/i/006/karen-katz-17044_business_we-are-committed-to-investing-in-new-tec_1780997.jpg) [Download](https://sms4smile.com/quotes/i/006/karen-katz-17044_business_we-are-committed-to-investing-in-new-tec_1780997.jpg) [Open image](https://sms4smile.com/quotes/i/006/karen-katz-17044_business_we-are-committed-to-investing-in-new-tec_1780997.jpg) > “We are committed to investing in new technology so we can remain a leader in the online luxury business.” [Karen Katz](https://sms4smile.com/quotes/author/karen-katz/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Investing in new tech sustains market leadership in luxury e‑commerce. **In simple terms:** Tech investment keeps us a leader. Key Takeaway Continue funding innovation. Themes leadership technology luxury market strategy competition Mood optimistic determined Type strategic visionary When to use this quote - launching new platforms - upgrading logistics - expanding product lines - enhancing customer experience Key Concepts digital transformation innovation management brand positioning Questions to Reflect On - How can we measure ROI on emerging tech? - What tech trends will reshape luxury online? A Different Perspective High cost and risk of tech failures. ★ ★ ★ ★ ★ No ratings yet [Business](https://sms4smile.com/quotes/about/business/) [Investing](https://sms4smile.com/quotes/about/investing/) [Leadership](https://sms4smile.com/quotes/about/leadership/) [Luxury](https://sms4smile.com/quotes/about/luxury/) [New technology](https://sms4smile.com/quotes/about/new-technology/) [Technology](https://sms4smile.com/quotes/about/technology/) ## Related quotes > [In the luxury business, you have to build on heritage.](https://sms4smile.com/quotes/bernard-arnault/in-the-luxury-business-you-have-to-build-on-heritage/) [Bernard Arnault](https://sms4smile.com/quotes/author/bernard-arnault/) > [This is what you need to do in a luxury business: look for people who will like being there every day.](https://sms4smile.com/quotes/steve-wynn/this-is-what-you-need-to-do-in-a-luxury-business-look-for-people-who/) [Steve Wynn](https://sms4smile.com/quotes/author/steve-wynn/) > [Bergdorf Goodman is positioned at the very top of the luxury pyramid, and I think that as we go through this next phase of…](https://sms4smile.com/quotes/karen-katz/bergdorf-goodman-is-positioned-at-the-very-top-of-the-luxury-pyramid/) [Karen Katz](https://sms4smile.com/quotes/author/karen-katz/) > [The demographics and the psychographics show that there should be, over the longer term, a continued growth in the numbers of customers who will…](https://sms4smile.com/quotes/karen-katz/the-demographics-and-the-psychographics-show-that-there-should-be/) [Karen Katz](https://sms4smile.com/quotes/author/karen-katz/) > [We have a very robust online business, but convincing luxury houses to join us on the website has involved a lot of groveling.](https://sms4smile.com/quotes/karen-katz/we-have-a-very-robust-online-business-but-convincing-luxury-houses-to/) [Karen Katz](https://sms4smile.com/quotes/author/karen-katz/) > [Any time a new technology is introduced, like when TV was first invented, everybody was like, "Radio's dead."](https://sms4smile.com/quotes/maria-rodale/any-time-a-new-technology-is-introduced-like-when-tv-was-first/) [Maria Rodale](https://sms4smile.com/quotes/author/maria-rodale/) > [There's always something in new technology that promotes anxiety on the one hand, but also grieving on the other. With the internet, I think…](https://sms4smile.com/quotes/virginia-heffernan/there-s-always-something-in-new-technology-that-promotes-anxiety-on/) [Virginia Heffernan](https://sms4smile.com/quotes/author/virginia-heffernan/) > [The benefit to building a startup is that customers don't have the same kind of friction when they adopt new technology.](https://sms4smile.com/quotes/aaron-levie/the-benefit-to-building-a-startup-is-that-customers-don-t-have-the/) [Aaron Levie](https://sms4smile.com/quotes/author/aaron-levie/) > [With social media and all the new technology, there's just more interfaces around and reminders to constantly be working on our body.](https://sms4smile.com/quotes/petra-collins/with-social-media-and-all-the-new-technology-there-s-just-more/) [Petra Collins](https://sms4smile.com/quotes/author/petra-collins/) > [Capitalism historically has been a very dynamic force, and behind that force is technical progress, innovation, new ideas, new products, new technologies, and new…](https://sms4smile.com/quotes/manmohan-singh/capitalism-historically-has-been-a-very-dynamic-force-and-behind-that/) [Manmohan Singh](https://sms4smile.com/quotes/author/manmohan-singh/) > [With earth's burgeoning human population to feed we must turn to the sea with understanding and new technology. 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We have to have development in new technology if we're going to solve these environmental problems without throwing humanity back in…](https://sms4smile.com/quotes/ramez-naam/technology-is-vital-we-have-to-have-development-in-new-technology-if/) [Ramez Naam](https://sms4smile.com/quotes/author/ramez-naam/) > [Real breakthroughs are not found because you want to develop some new technology, but because you are curious and want to find out how…](https://sms4smile.com/quotes/anton-zeilinger/real-breakthroughs-are-not-found-because-you-want-to-develop-some-new/) [Anton Zeilinger](https://sms4smile.com/quotes/author/anton-zeilinger/) ## More by Karen Katz > [For what we want to accomplish in the future, we have to be able to view everything from the eyes of the customer.](https://sms4smile.com/quotes/karen-katz/for-what-we-want-to-accomplish-in-the-future-we-have-to-be-able-to/) [Karen Katz](https://sms4smile.com/quotes/author/karen-katz/) > [We have a very robust online business, but convincing luxury houses to join us on the website has involved a lot of groveling.](https://sms4smile.com/quotes/karen-katz/we-have-a-very-robust-online-business-but-convincing-luxury-houses-to/) [Karen Katz](https://sms4smile.com/quotes/author/karen-katz/) > [The demographics and the psychographics show that there should be, over the longer term, a continued growth in the numbers of customers who will…](https://sms4smile.com/quotes/karen-katz/the-demographics-and-the-psychographics-show-that-there-should-be/) [Karen Katz](https://sms4smile.com/quotes/author/karen-katz/) > [We are now focused on the brand, not the channel.](https://sms4smile.com/quotes/karen-katz/we-are-now-focused-on-the-brand-not-the-channel/) [Karen Katz](https://sms4smile.com/quotes/author/karen-katz/) > [When my son was little, we mothers always did the Halloween parties, and I would wear my orange-and-black Chanel. It comes in handy on…](https://sms4smile.com/quotes/karen-katz/when-my-son-was-little-we-mothers-always-did-the-halloween-parties/) [Karen Katz](https://sms4smile.com/quotes/author/karen-katz/) > [Diane von Furstenberg is an extraordinary woman. She's modern. She's a mother, a grandmother, a leader.](https://sms4smile.com/quotes/karen-katz/diane-von-furstenberg-is-an-extraordinary-woman-she-s-modern-she-s-a/) [Karen Katz](https://sms4smile.com/quotes/author/karen-katz/) > [Bergdorf Goodman is positioned at the very top of the luxury pyramid, and I think that as we go through this next phase of…](https://sms4smile.com/quotes/karen-katz/bergdorf-goodman-is-positioned-at-the-very-top-of-the-luxury-pyramid/) [Karen Katz](https://sms4smile.com/quotes/author/karen-katz/) > [We want you always to feel confident shopping at Neiman Marcus, and your trust in us is our absolute priority.](https://sms4smile.com/quotes/karen-katz/we-want-you-always-to-feel-confident-shopping-at-neiman-marcus-and/) [Karen Katz](https://sms4smile.com/quotes/author/karen-katz/) > [People ask me, 'What keeps you up at night?' It's delivering a personal experience to every Neiman Marcus customer. It's the hardest thing we…](https://sms4smile.com/quotes/karen-katz/people-ask-me-what-keeps-you-up-at-night-it-s-delivering-a-personal/) [Karen Katz](https://sms4smile.com/quotes/author/karen-katz/) > [We deeply regret and are very sorry that some of our customers' payment cards were used fraudulently after making purchases at our stores.](https://sms4smile.com/quotes/karen-katz/we-deeply-regret-and-are-very-sorry-that-some-of-our-customers/) [Karen Katz](https://sms4smile.com/quotes/author/karen-katz/) > [I am the ultimate Jewish mother.](https://sms4smile.com/quotes/karen-katz/i-am-the-ultimate-jewish-mother/) [Karen Katz](https://sms4smile.com/quotes/author/karen-katz/) > [Every day, I pinch myself. It has been an incredible journey.](https://sms4smile.com/quotes/karen-katz/every-day-i-pinch-myself-it-has-been-an-incredible-journey/) [Karen Katz](https://sms4smile.com/quotes/author/karen-katz/) > [Chanel is a very important vendor for Neiman Marcus. My favorite thing is the way they finish off the hems on dresses and jackets.](https://sms4smile.com/quotes/karen-katz/chanel-is-a-very-important-vendor-for-neiman-marcus-my-favorite-thing/) [Karen Katz](https://sms4smile.com/quotes/author/karen-katz/) > [Customers are extremely savvy. They don't want to pay more.](https://sms4smile.com/quotes/karen-katz/customers-are-extremely-savvy-they-don-t-want-to-pay-more/) [Karen Katz](https://sms4smile.com/quotes/author/karen-katz/) > [We believe that we can deliver better shareholder value by remaining an independent retailer.](https://sms4smile.com/quotes/karen-katz/we-believe-that-we-can-deliver-better-shareholder-value-by-remaining/) [Karen Katz](https://sms4smile.com/quotes/author/karen-katz/) [Explore all 38 Karen Katz quotes ](https://sms4smile.com/quotes/author/karen-katz/) ## More Business quotes > [Companies with cultures that celebrate diverse opinions and encourage the exchange of ideas have an advantage when solving difficult problems. 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