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High End Luxury Spending-- What Recession??

Discussion in 'Wall St. News' started by marketsurfer, Jan 28, 2009.

marketsurfer
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Quote from Anaconda:

Don't you live in NYC? Step out much?

Luxury retail stores are shutting down one by one. I like to make a hobby of it, pinpointing which one will close within a month, fun game.

Old wealth has their luxury retailers established from years ago. Most of the ones that popped up in the last decade are not surviving for a reason. They cater to bubble money, which is gone.
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ok. i hope prices plummet, which they are not yet, unfortunately.

#11 Jan 28, 2009

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