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Bill Tancer is the general manager of global research at Hitwise and a weekly columnist for Time Magazine.
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Luxury Retail Heading for a Slump?
August 28, 2008 11:19 AM
As reported here, luxury retailer stocks have been holding steady despite troubling economic news. Website visit data may provide us with some insight into what the future may hold for those same stocks. The chart below details year-over-year visits of the top luxury retail websites (including Neiman Marcus, Saks, Nordstrom, Coach and Gucci to name a few).
Over the last two weeks, visits to high-end retailer websites have dipped below visits to these same sites in 2006 and 2007. The next two months will be very telling in terms of what the holiday season may hold for luxury retailers.
August 28, 2008 | Permalink | User Comments (1)
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Interesting...does a two-week dip usually portend something deeper?
Posted by: Daisy Whitney | Sep 2, 2008 11:22:09 AM
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