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BoF Daily Digest | Pawnshops, European luxury, Consumer confidence low, Juicy Couture
Pawnshops doing brisk business (USA Today)
According to USA Today, “the miserable economy is a boon for pawnshops and consignment stores across the USA.”
The Price of Luxury: Debt Burden Strains More European Firms (WWD)
European luxury goods firms with high leverage are at risk.
Consumer confidence hits new low (Drapers)
According to Drapers, “one in five people optimistic that the recession will be over within a year.”
Juicy Couture’s Decadent Chic: Recession? What Recession? (WSJ)
Juicy Couture unveils an over the top store in a difficult time for the economy and retail.
Pawnshop, photo courtesy of USA Today.
