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The Wall Street Journal

Neiman Marcus Finds Wealthy Want Deals High-end retailers, after years of raising prices, are now facing troubles of mass-market chains

  • April 17, 2017
  • min read

The Wall Street Journal

Neiman Marcus Finds Wealthy Want Deals High-end retailers, after years of raising prices, are now facing troubles of mass-market chains

Sales of personal luxury goods, such as designer apparel and handbags, fell 1% last year, the first decline since 2009, according to Bain & Company. "One of the tricks to luxury is price discipline," said Aaron Cheris, a partner with Bain. Shoppers pay full price, he said, when they can't "get stuff for less."