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<a href="http://www.accessmylibrary.com/article-1G1-108439148/reborn-luxury-market-maybe.html" title="Facts and information about Reborn Luxury Market? Maybe, Maybe Not; But Signs Are There; Spending on higher-end goods picks up (a little) after lengthy dry spell.(THE NEW AMERICA)(Q & A)">Reborn Luxury Market? Maybe, Maybe Not; But Signs Are There; Spending on higher-end goods picks up (a little) after lengthy dry spell.(THE NEW AMERICA)(Q & A)</a>
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Reborn Luxury Market? Maybe, Maybe Not; But Signs Are There; Spending on higher-end goods picks up (a little) after lengthy dry spell.(THE NEW AMERICA)(Q & A)
Byline: MARILYN ALVA
After a few years of watching their nickels and dimes, consumers might be coming out of the bargain basement to embrace some of the finer things in life.
Sales seem to be picking up on the higher end of the spectrum -- luxury cars, jewelry, fine leather goods and better quality apparel.
Is it just a passing fancy or a sign that better days are here to stay awhile?
IBD spoke with retail expert and economist Steve Spiwak of Retail Forward Inc. about a market that hasn't gotten a lot of attention lately.
IBD: Did the luxury market ever really go away, and if so is it back?
Spiwak: In 2001 the (luxury) market hit a brick wall because of the global recession and the terrorist attack.
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