Four Bad Bears, courtesy of DShort.com

LONDON, United Kingdom — Last night, at a cocktail party to celebrate the opening of the Azzaro pop-up store on London’s Mount Street, I bumped into Robert Bensoussan, the highly-regarded former CEO of Jimmy Choo.

The place was rammed with guests. Economic armageddon was nowhere in sight. But, more often than not, came up talk of the economy. Bensoussan told me he had been in New York visiting stores and had never seen so many empty stores. Shop after shop, he said, was quiet. Dolce & Gabbana, Chanel, Dior. Only Gucci and Jimmy Choo, he said with a wink, had one shopper each. He thought it might be the worst market he had ever seen.

But, do the numbers back Bensoussan up?

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