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Monday, February 9th, 2009

Dismal economy could change status quo for luxury goods

According to an article published today in the Wall Street Journal, the pathetic economy is changing how high-end retailers are selling goods. Last November, New Yorkers knocked each other to the ground as they snatched up deeply discounted luxury goods at Saks Fifth Avenue. Manolos which usually sold for $535 were marked down to $160.

(more…)

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