It was interesting to read all the news reports about Black Friday that seemed to contradict what I experienced and saw during the past weekend. But WalMart reported poor sales... I came back to NYC wanting to do an experiment: are high-end, expensive luxury goods stores crowded and doing well? Are lower-end stores like WalMart struggling? I haven't had time to visit any Madison Avenue boutiques yet, but does anyone else have any anecdotal evidence??
Wednesday, November 29, 2006
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2 comments:
I've read things here and there which suggest that the luxury market has not slowed down but is in fact booming...I think that this may be related to your Monday post :)
I've read stories over the last two years showing that luxury goods and items are hot sellers, but discount shopping has declined. And I read a story in USA Today yesterday showing that people were looking like crazy online, but the majority of folks didn't actually buy anything in their virtual shopping baskets. I think it's indicative of a growing wealth gap in the US. The poor are always getting poorer, the middle class is losing it's grip but the rich are continuing to get richer.
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