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News briefs

Saks, Nordstrom, Four Seasons and LVMH – News briefs

October 10, 2011

 

Stocks may tumble, but wealthy keep on shopping

When stock markets tumble, wealthy U.S. shoppers typically cut back their visits to such luxury emporiums as Saks and Nordstrom. Yet even as the markets have seesawed, they’ve kept right on spending, according to Bloomberg.

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