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Luxury Survey: Steep Downturn Ahead as Consumer Confidence Declines?

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

Stevens, PA—If you think the debt ceiling debate may be hurting market confidence, consumer confidence among the nation’s most affluent shoppers dropped this month to lows like those in the Great Recession. According to Unity Marketing’s Luxury Consumption Index (LCI), an exclusive measure of consumer confidence among the economy’s most …

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Study: Wealthiest Shoppers Decline in Better Dept Stores

In Industry News, Reports, What's New by Accessories StaffLeave a Comment

Stevens, PA—Although the nation’s wealthiest consumers, those with incomes $250,000 and above, have reportedly returned to shopping, some of their standby department store favorites may be losing out on their dollars. In its quarterly survey of the top 2% of U.S. households, Unity Marketing found that fewer “ultra-affluents” are shopping …