Luxury Shoppers Find Less to Buy at Saks, Neiman Stores: Video

438 views · Published 8 October 2009 · 1:48 · Indexed 20 September 2026

Channel: Bloomberg Originals · 2009 · News & Politics

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Oct. 8 (Bloomberg) -- Shoppers with money to spend are finding less to buy at U.S. luxury chains as stores including Saks Inc. and Neiman Marcus Group Inc. cut inventories. Retailers found themselves overstocked last holiday season and are trying to avoid markdowns of as much as 70 percent. Bloomberg's Monica Bertran reports. (Source: Bloomberg)

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