Luxury
Wealthy shoppers have a new mentality that signals doom for Neiman Marcus, Nordstrom, and Tiffany
Wealthier shoppers have become bargain hunters, and that's hurting retailers like Neiman Marcus, Nordstrom, and Saks Fifth Avenue. Shoppers with lower incomes have been hunting bargains for years. They started gravitating toward discount retailers like TJ Maxx, Marshalls, and dollar stores during the recession, and many never went back to…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Yahoo Finance