How fashion and luxury firms will ride out a recession
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Join Date: Sep 2007
The US market may be allocating larger budgets for US designers, but in Europe it is now hard to retail US brands due to the low dollar. The prices are already much higher on American brands in Europe due to higher sales tax, duties, distributors margins etc., and the difference is getting even bigger as the dollar continues to fall. But European distributors that distribute American brands are having good margins as they usually buy in USD. And I guess retail in NYC is booming due to the increased tourism that comes along with the low dollar.
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