By  on March 6, 2008

Luxury is hitting some speed bumps.

On Wednesday, Saks Inc. and Neiman Marcus Group reported healthy quarters, but the U.S.' top two luxury chains admitted they're feeling the recession, with slowdowns in shopper traffic. February same-store sales rose 3.4 percent at Saks, but fell 7.3 percent at Neiman's, some of which the Dallas-based retailer attributed to a shift in promotions back to January.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus