WWD.com/retail-news/financial/red-flag-for-luxury-saks-neiman-s-rise-but-worries-set-in-462532

financial

March 6, 2008

Red Flag for Luxury: Saks, Neiman's Rise, But Worries Set In

Saks Inc. and Neiman Marcus Group reported healthy quarters, but the U.S.' top two luxury chains admitted they're feeling the recession.

By David Moin

financial/news

Luxury is hitting some speed bumps. On Wednesday, Saks Inc. and Neiman Marcus Group reported healthy quarters, but the U.S.' top two luxury chains admitted they're feeling the recession, with slowdowns in shopper traffic.

Red Flag for Luxury: Saks, Neiman's Rise, But Worries Set In

Saks Inc. and Neiman Marcus Group reported healthy quarters, but the U.S.' top two luxury chains admitted they're feeling the recession.

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