Luxury Sales Strong as 1 Percent Go Shopping

intro: Maybe retail sales overall haven't been too hot this holiday season, but one sector is on fire: Luxury. At Tiffany, at Burberry, at Neiman Marcus, cash registers are ringing. Harry Winston's diamond salesmen are doing a little dance. From Houston to Boston, sales of life's necessities may be flat, but minks are flying out the door. "When we look at luxury sales on a national level," says Howard Davidowitz, chairman of Davidowitz & Associates, a retail consulting and investment banking...Full Story
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