LuxuryLab Daily Digest

Posted by Lauren Proctor on September 11, 2009

Attempting a Stimulus Package For Retailers (New York Times)
New York City, for one night, seemed to forget that there was a recession.

“Consumer is King” as Luxury Goods Houses Rethink Their Strategy (News Blaze)
“The consumer is king” and will benefit from the global economic recession as luxury houses rethink their business strategy, writes Tina Gaudoin, editor-in-chief of WSJ.

High End Fashion’s Moment of Truth (New York Times)
The fabric in the hands of Thakoon Panichgul, one of Michelle Obama’s favorite designers, is exquisite.

Neiman Marcus Opens first Northwest Store (Bloomberg)
Neiman Marcus Group Inc. will open its first store in the Pacific Northwest tomorrow, betting luxury retail can survive the recession in Seattle suburbs where median income is as much as four times the U.S. average.

Recession Forcing Retailers to Think Small (AP)
The Great Recession and Americans’ retreat into thriftiness are teaching retailers a new lesson: How to survive when consumers are focused on “needs” rather than “wants.”

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