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Grant Ritchieadded this to Luxury
The 1% is spending: Luxury stocks soar

The 1% is spending: Luxury stocks soar

CNN Business - by Jesse Solomon

Catering to the one percent has its perks. Just look at the recent performance of luxury retail stocks. Tiffany & Co (TIF)., Nordstrom (JWN) and Michael Kors (KORS) are all on a tear, driven by wealthy consumers' appetite for high-end brands. "They're serving a more affluent customer and they're …

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