Nordstrom has a waiting directory for a Chanel sequined-tweed coat with a $9,010 price. Neiman Marcus has sold out in almost every size of Christian Louboutin “Bianca” stand pumps, at $775 a pair. Mercedes-Benz said it sold more cars last month in the United States than it had in any July in five years.
Even with the thriftiness in a funk and many Americans pulling back on spending, the rich are once again buying designer clothing, luxury cars and well-grounded about anything that catches their fancy. Luxury goods stores, which fared much worse than other retailers in the recession, are more than recovering — they are zooming. And many foremost-end businesses are even able to mark up, rather than discount, items to attract customers who equate quality with price.
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