Luxury Retailers Unbowed by Prospect of Slowdown

With the U.S. economy playing cat and mouse with a possible recession, common sense would dictate that luxury retailers will bear the brunt of a consumer spending slowdown as Americans hold off on big purchases.

But things may not be as bad you think.

Despite Saks' (SKS Quote) decision to pull the plug on its planned spinoff of its luxury division Saks Fifth Avenue, luxury retailers are in a better position to weather this economic downturn than they've been in the past, analysts say. ...