Luxury retail price points: Movin’ on up?

A brief RetailWire comment about the growing trend among luxury and near-luxury retailers to push up their price points:

The same trend is already happening at Nordstrom, although it is more of a “near luxury” retailer than Saks. At least in the men’s area, there is much less inventory at opening prices (by Nordstrom standards) and more “reach” price points. I would expect Saks’s true competitors, such as Neiman Marcus, to follow suit.

 

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