Recovery for luxury goods is "turbocharged"

03/29/2010 | Wall Street Journal, The

Luxury retailers are bouncing back faster than most other retail segments, according to The Wall Street Journal. Unlike lower-income consumers who depend largely on wages to fuel spending power, affluent shoppers are more dependent on stock portfolios and asset values, which have been on the rise. Increased spending by the wealthy has been a boon to high-end brands including Cartier, Montblanc and Louis Vuitton.

View Full Article in:

Wall Street Journal, The

Published in Brief: