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September 14, 2005
No Luxury Limits
There’s good news for the highest of high-end retailers at the Spring shows in New York this week. Early indications suggest that there is no price ceiling for luxury items, with show goers hungrily eyeing coats over $5000.
Designers such as Prada and Marc Jacobs have draped their runways with must-have items that appear to defy previous price barriers.
Although the U.S economy in general shows signs of strain, the worldwide increase in millionaires and a growing demand for luxury items among the population at-large keeps the market strong.
Posted by Blacks on September 14, 2005 12:29 PM
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