LUXURY STORE BUYERS CAUTIOUS ABOUT SPRING ORDERS

AP Business Writer

As hundreds of buyers gathered in New York during Fashion Week to see the Spring designer fashions in beachy brights like marigold yellow and ocean blue parade down the runways, they were taking a hard look at what will excite their customers.


“You have a nervous consumer, a nervous buyer and a nervous market,” said John Mincarelli, a professor at the Fashion Institute of Technology who is also a retail consultant for designer boutiques. “It’s a precarious decision-making time.”


Faith Hope Consolo, chairman of real estate firm Prudential Douglas Elliman’s retail leasing sales division, which works with top-name designer brands, noted that luxury customers are still buying–but not as much.

“Instead of buying five pairs of Jimmy Choo shoes, they’re buying two or three pairs,” she noted. What’s also depressing demand is that prices for European designer items have soared from a year ago as the dollar grew weaker, she said.

Images courtesy of the Fashion Spot forums.

 

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