The avid luxury shoppers are still spending, but those who dip in at the lowest price points are pulling back.
of total sales and the group is courted with special events and designer appearances.
Martha Stewart spoke during a party for the unveiling of the Baccarat Palladian Christmas tree at Neiman Marcus in downtown Dallas store last November. Throughout the holiday season, Neiman Marcus and Bergdorf Goodman stores hosted 550 events. Neiman Marcus Group was profitable in its second fiscal quarter, but margins were challenged by higher inventories and a more promotional environment that van Raemdonck said he expects will continue through spring.
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