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High end shoppers buying again amid cautious optimism
Upscale retailers report renewed appetite for luxury goods as stock gains and Iraq war resolution lift confidence. Ellen Harris in New Jersey spent thousands on a dress and jackets, while others like Demni Podes and Barbara Burke note stronger handbag and jewelry buys at Bergdorf Goodman and Barneys New York. Yet lower income shoppers continue to fear layoffs with Wal-Mart and other discounters posting weak May results. Economic analysts see a rebound mainly among high income consumers, with mixed outcomes across sectors and job security lingering as a hurdle.
MENTIONED IN THIS ARTICLE
New York
Bill Blass
Bergdorf Goodman
Ellen Harris
Sam
Madison, N.J
Iraq
Wal-Mart
West Little Rock
Ark
Vanessa Wilson
Benton, Ark
Nordstrom
Neiman Marcus
Bergdorf
Kohl’s Corp
Family Dollar Stores Inc
Big Lots Inc
Wall Street
Tom Williams
Dean Taylor
Robert Burke
Burke
Sophia Koropeckys
Economy.com
West Chester
Koropeckyj