Tags: High-End | Shoppers | Opening | Wallets | Again

High-End Shoppers Are Opening Wallets Again

Monday, 17 May 2010 10:53 AM

Analysts say the steady, albeit slow, economic recovery is prompting higher-end shoppers to splurge again -- on everything from $200 pearl necklaces to $500,000 cars to million-dollar homes, according to a report in boston.com.

Nationally, sales of luxury goods rose 22.7 percent in March, compared to a year earlier, according to SpendingPulse, an information service of MasterCard Advisors.

High-end retailers, home sellers, and car dealers are all experiencing an uptick in business, according to the boston.com report.

Nordstrom reported a 16.8 percent increase in same-store sales (sales at stores open at least a year) for March, while Saks Inc. had a 12.7 percent increase for the same period.

To read the full boston.com report Go Here Now.

© All Rights Reserved.

1Like our page

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved