It certainly looks that way. Executives at luxury retailers such as Saks (SKS), and high-end brands ranging from Coach (COH) to Karl Lagerfeld, are bemoaning the disappearance of free-spending shoppers. "You're seeing more pressure on that aspirational luxury consumer at our entry-price points," says Steve Sadove, chief executive officer at Saks.
Business Week
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2 comments:
it's not dead for you. Do the words "30 finger massage" ring a bell?
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