wall street gyrations jolt luxury retail
Last Updated : GMT 15:30:33
Arab Today, arab today
Arab Today, arab today

Wall Street gyrations jolt luxury retail

Arab Today, arab today

Arab Today, arab today Wall Street gyrations jolt luxury retail

Los Angeles - UPI

Wild swings in the stock market have luxury retailers worried a slowing economy may buckle leaving those who cater to wealthy U.S. shoppers high and dry. \"We were all pumped, and now it\'s like, boom. Another hit,\" said Pol Atteu, who runs a women\'s boutique in Beverly Hills, Calif., The Los Angeles Times reported Saturday. Similarly, Jodie Robinson, owner of Ann Michelle, a two-outlet boutique with stores in Beverly Hill and Agoura Hills, Calif., said, \"We were having a really good month and then it just fell off last week. People are not in a good mood to shop. It\'s depressing and uncertain.\" At her high-end stores, \"any time the market fluctuates like this, my business is impacted immediately,\" she said. At Eddia Beverly Hills, a luxury clothing store, where men\'s suits start at $2,500, sales associate Steve Palabod said, \"We were doing very well, but this month in particular it\'s taken a dive.\" Since mid-July, stock shares have dropped 24.4 percent at Saks and 17.6 percent at Tiffany & Co., sharper drops than the retail sector on the Standard & Poor\'s 500 index, which has seen an average drop of 11.2 percent in the same period. Retail researchers at MasterCard Advisors SpendingPulse said luxury sales excluding jewelry rose 11.6 percent in July. The sector sometimes appears isolated from the general economy, but luxury shopping is a major portion of consumer spending. Consumer spending is said to make up 70 percent of the U.S. gross domestic product. Within that group, 20 percent of the wealthiest shoppers account for 40 percent of the dollars spent, the Times said.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

wall street gyrations jolt luxury retail wall street gyrations jolt luxury retail

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

wall street gyrations jolt luxury retail wall street gyrations jolt luxury retail

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Fedra happy for “Between Two Worlds” success

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 00:54 2017 Monday ,20 November

Mideast in danger as London explores

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday