The Holiday Grim: Luxury Retailers Face Decline


	The Holiday Grim: Luxury Retailers Face Decline

trendagitator

11-5-2008 6:03 PM

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/f2e9d300-7614-494b-8047-5040f6148547/CE09AABE-BC00-44B1-9FD4-AB863EE919B1/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.bloomberg.com/apps/news?pid=20601103&sid=awdfwaNNomaU&refer=us" href="http://www.bloomberg.com/apps/news?pid=20601103&sid=awdfwaNNomaU&refer=us" style="font-size: 11px;">www.bloomberg.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601103&sid=awdfwaNNomaU&refer=us"><P>     Nov. 5 (Bloomberg) -- Luxury retailers may suffer the
industry's biggest reversal of fortune during the holidays as
the global financial crisis dents the wealth of the richest
Americans.     </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601103&sid=awdfwaNNomaU&refer=us"><div align="center"><img src="http://content8.clipmarks.com/blog_cache/www.bloomberg.com/img/C9C8FC42-8196-4C34-B7EE-5A86EB56F797" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601103&sid=awdfwaNNomaU&refer=us"><P>Sales at Saks Inc., <A href="http://www.bloomberg.com/apps/quote?ticker=JWN:US">Nordstrom Inc.</A> and Neiman Marcus Group
Inc. stores open at least a year may decline as much as 3
percent in November and December after advancing 5.2 percent a
year earlier, according to the International Council of Shopping
Centers trade group.     </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/CE09AABE-BC00-44B1-9FD4-AB863EE919B1/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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