AMERICAN LUXURY CLOTHING SECTOR RECOVERING AFTER RECESSION
March 1st, 2010
BY CRAIG HOWIE
THE POPULAR television programme Sex in the City famously glamourised New York's luxury clothing culture, and Los Angeles' high-end boutiques were given the star treatment in the 1990 film Pretty Woman. And America has long been the world's largest market for high-end clothing. Although the recession threatened to make memories of Sarah Jessica Parker or Julia Roberts turning heads along Fifth Avenue and Rodeo Drive in opulent garments seem as fleeting as a wisp of silk on a red carpet, demand is poised to bounce back to, and even surpass, ...
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