L.A. boutique shutdowns, Luxury spending rules, Ideeli’s recession proof retail model, Sales plummet in December

Store fronts on Rodeo Drive, photo courtesy of WWD.

Store fronts on Rodeo Drive, photo courtesy of WWD.

L.A. Specialty Boutiques Rocked by Shutdowns (WWD)
In LA, troubled boutiques are closing in droves.

The New Rules Of Luxury Spending (Forbes)
“Today’s high-net-worth consumers are still spending–but they’re putting more thought into their purchases.”

Ideeli.com, Ideal Online Shopping? (JC Report)
Ideeli’s invitation only online retail model is proving to be recession proof.

Retail Sales Tumbled in December (WSJ)
In December, retail sales figures in the US, “fell a sixth consecutive time.”