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Home >> Stock Forums >> Nieman Marcus Bought Out.

Nieman Marcus Bought Out.

Heather said: "Nieman Marcus is [URL=http://story.news.yahoo.com/news?tmpl=story&cid=509&ncid=509&e=4&u=/ap/20050502/ap_on_bi_ge/neiman_marcus]being bought[/URL] for 5.1 Billion dollars. Pretty nice price tag!"

HappyHarry said: "Luxury retail continues to be a great business. High income spenders are not hurt as bad in economic downturns, plus they're the quickest to realize the benefits of an economic upswing."

lil dickie said: "You have a point. Most of the luxury retailers are "fair-valued" though."

Heather said: "It helps a lot if you offer products that are in a higher end market. Companies like Coach and Anne Taylor never go out of style with high end consumers."

lil dickie said: "I took my old lady shopping for purses at Dillard's the other day. Big mistake. She fell in love with the [url=http://finance.yahoo.com/q?s=COH]COH[/url] handbags. They retail from between $300 to $1500! Now that's great gross margin."

Heather said: "Extremely nice (and expensive) accessories, for sure. They never go out of style, so at least they last a long time :D"

HappyHarry said: "Dillards has a lot of great stuff. I wonder why they don't make any money."