High-end retailers add more midpriced merchandise

11/16/2009 | TheStreet.com

With luxury retail sales slated to decline 8% worldwide this season according to one estimate, some luxury retailers are looking to midpriced merchandise to offset lower sales of high-end items. For the first time in five years, nearly half the items in the Neiman Marcus Christmas book sell for less than $250, and Tiffany & Co. has added lower-priced jewelry lines to its lineup.

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