Lingerie business is taking a hit, but the sector still has areas of strength, retailers and vendors said.
Buying patterns for lingerie purchases have changed dramatically because of turmoil in the global economy, merchants said. A majority of consumers are cutting back on big-ticket items such as upscale bra-and-panty sets priced at more than $120, and even affluent customers are forgoing high-end undergarments, sleepwear and boudoir accessories.
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