Alex Carter
Alex has written for Vanity Fair, Barrons, Bloomberg and Condé…
American shoppers are splitting again: The affluent are finally starting to buy, picking up designer clothes at places like Nordstrom, while those on the lower economic rungs are still scrimping by, heading to Walmart for the basics. Recent earnings reports from major retailers suggest that the wealthy, who pulled back their spending the hardest during the financial meltdown last fall, are once again being enticed to open their wallets and going back to higher-end outlets. – from AP
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Alex Carter
Alex has written for Vanity Fair, Barrons, Bloomberg and Condé Nast Traveler.