"One of the last holdouts in consumer spending -- luxury-goods purchases -- may be collapsing under the weight of a sluggish and potentially contracting U.S. economy." ∙ Saks Tailspin Indicates Hurdles for Neiman, Nordstrom [Bloomberg] First Published: July 8, 2008 11:00 AM Comments from "Plugged In" Readers I'm not going to believe this until sales of the "real" luxury items wanes. You know, those rare specialty items advertised in the Robb Report like $200K Hummers with gold plated hardware and Egyptian pedigree cats that will ensure immortality. When those stop selling, then, and only then, is there cause for alarm. Posted by: The Milkshake of Despair at July 8, 2008 12:08 PM Our annual income is in the seven figures realm and believe me, we are very aware of the state of the economy and are much more careful about our...
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