The gyrations of the U.S. economy are likely to send even some of the country's millionaires spinning away from robust luxury goods consumption.
The most likely to cut back, luxury marketing experts forecast, are the nine million or so single-digit millionaire households, while those with somewhat lower net worths — say, half a million — are anticipated to trim back still more sharply.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)