Luxury
Retailers fear spending cuts among wealthy
A week ago, Michael Heller was ready to drop thousands of dollars on a Jaeger-LeCoultre watch that he’d been coveting. But the recent stock market turmoil made him rethink the splurge. “Instead of making an impulse purchase on a $3,000 or $4,000 item, we’re going to wait six months,” the…
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Click here to read the full story: Washington Post