NEW YORK (

TheStreet

) -- It's hardly a state secret that the luxury sector has been hard hit amid the recession -- or that it will be among the slowest to recover.

According to a recent survey conducted by the Luxury Institute, a New York-based research firm, 77% of wealthy consumers believe luxury is less important in today's economy. And without the wealthy, there is no luxury.

Still, within the sector, some retailers are starting to see some improvement, as they revamp their product offerings and lower their entry-level price points.

Vote on which luxury company -- be it

Saks

(SKS)

,

Nordstrom

(JWN) - Get Report

,

Tiffany &Co.

(TIF) - Get Report

,

Ralph Lauren

(RL) - Get Report

or

Coach

(COH)

-- that you think is best poised to capture consumers' wallets in the current quarter.

And then let the world know why you did by leaving a comment below.

-- Reported by Jeanine Poggi in New York

Follow TheStreet.com on

Twitter

and become a fan on

Facebook.

Copyright 2009 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

NEW YORK (

TheStreet

) -- It's hardly a state secret that the luxury sector has been hard hit amid the recession -- or that it will be among the slowest to recover.

According to a recent survey conducted by the Luxury Institute, a New York-based research firm, 77% of wealthy consumers believe luxury is less important in today's economy. And without the wealthy, there is no luxury.

Still, within the sector, some retailers are starting to see some improvement, as they revamp their product offerings and lower their entry-level price points.

Vote on which luxury company -- be it

Saks

(SKS)

,

Nordstrom

(JWN) - Get Report

,

Tiffany &Co.

(TIF) - Get Report

,

Ralph Lauren

(RL) - Get Report

or

Coach

(COH)

-- that you think is best poised to capture consumers' wallets in the current quarter.

And then let the world know why you did by leaving a comment below.

-- Reported by Jeanine Poggi in New York

Follow TheStreet.com on

Twitter

and become a fan on

Facebook.

Copyright 2009 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.