Are you prepared for Wrath of the Lich King? WoW Insider has you covered!

More Grim News For The Luxury Market


Earlier this week the first quarter statements for two of the biggest luxury retailers, Saks and Neiman's, reported a healthy status but both aren't seeing as many shoppers as usual. For February, Saks enjoyed a small, little bump in revenue as sales rose 3.4 %, but Neimans dropped 7.3.% after January promotions. Although a recession never seems to affect the uber-affluent who will continue to shop for premium luxury items, the economic woes of late may make the aspiring customer hesitate until the market turns back around. I think its impressive how much internet buying adds to the bottom line -- last quarter Neiman's online sales were $180 million, up almost 16%! Both retailers are finding every opportunity they can to cut costs and provide items that will appeal to their customers, such as specialty items and certain must-have colors. Maybe they aren't enjoying the crowds of yesteryear but they aren't in any real pain yet...

Related Headlines

Categories
Apparel (593)
Art (185)
Auctions (438)
Big Givers (22)
Books (24)
Celebrity Shopping (607)
Charity (212)
Charity of the Day (135)
Children (26)
Cigars (200)
Cosmetics and Fragrance (165)
Decor (1777)
Dining (708)
Estates (2117)
Events (218)
Gadgets (946)
Garden (36)
Green (132)
Handbags (1138)
Holiday Guides (34)
Jewelry (851)
Journeys (1454)
Men's Style (35)
Pets (136)
Preferred (13)
Real Estate Developments (67)
Services (269)
Shoes (191)
Spas (231)
Spirits (480)
Sports (86)
The Classicist (11)
Timepieces (696)
Water (618)
Wheels (935)
Wine (860)
Wings (490)
Writing Instruments (149)

RESOURCES

RSS NEWSFEEDS

Powered by Blogsmith

Sponsored Links

Luxist bloggers (30 days)

#BloggerPostsCmts
1Deidre Woollard1583
2Rigel Gregg744
3Jared Paul Stern500
4Laura Malesich303
5Lisa Palladino180
6Star Sutherland150
7Marsha Reid10

Most Commented On (60 days)

Recent Comments

More from AOL Money & Finance

Weblogs, Inc. Network

Other Weblogs Inc. Network blogs you might be interested in: