neiman-marcus

More Grim News For The Luxury Market

Filed under: Apparel, Jewelry, Cosmetics and Fragrance

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...

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Tags: economy, luxury-market, neiman-marcus, saks, saks-fifth-avenue

Crystal-Encrusted Toaster Equals Breakfast Bling

by Laura Malesich (RSS feed) —

Filed under: Decor, Dining, Gadgets

For those of you who want to sparkle as early in the morning as possible and are serious about your toast, Russell Hobbs limited edition Swarovski crystallized toaster is the answer. The glass and stainless steel design is studded with over 200 crystals in a sleek, modern look fit for a top-of-the-line kitchen. My thought is for $300 I'd rather have a chef on-call to make a decadent feast than a toaster that out shines the rest of kitchen appliances. It may create jealousy.

[via Book of Joe]

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Tags: crystal-toaster, Neiman-Marcus, Russell-Hobbs, swarovski-toaster