Friday, February 13, 2009

Luxury out of style?

Luxury out of style?
(01:38) Report Reuters Video

Feb. 12 - Luxury retailers are finding themselves out of vogue in the recession.
Half of all consumers who make more than $200,000 a year think luxury brands are becoming commodities. That mentality is wreaking havoc with luxury retailers who find themselves struggling to cope with the recession. Bobbi Rebell reports.
# Milton Pedraza, CEO, The Luxury Institute
# Howard Davidowitz, CEO, Davidowitz and Associates

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