High Priced Shopping Sites Effected?
I often wonder if the high priced shopping sites are hard hit during an economic downturn. Are the rich still buying Chanel and Oscar de la Renta? I have read that Nordstrom has cut their prices on over 800 styles by over 22 percent. While shopping at high-priced boutiques may not have diminished as of yet, I am sure that time will come. Can anyone really see spending thousands of dollars on a handbag?
14 November 2008, 9:52 pm
I think very rich and high profile women doesn’t mind the soaring prices of luxury bags, clothes and jewelries, perhaps they become more inspired to buy them during the economic downturn because of the fame they can get from their fellow rich and famous women.
27 November 2008, 6:00 am
From I I’ve been reading in f¡the financial press, luxury goods are pretty much recession proof. The rich will continue to be rich.