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Posted: Wednesday, 29 July 2009 3:27PM

Recession, Recession, Where's the Recession?





Went to  Saks Fifth Avenuearmed with a very substantial holiday gift card.   My mission was to buy a really nice new leather wallet.   In Saks’ there isn’t a central place to buy leather goods.   You must shop the individual designers that are scattered all over the main floor. Believe it or not, I couldn’t find a wallet from any of the designers for under $350.   In all fairness to Saks, they don’t dictate the prices the designers do. The store was fairly empty except for a few European and South American tourists. Even the sales associate, from a top Italian outpost, was embarrassed to tell me she did not have a wallet under $350.   I guess it is back to Target. 

Filed Under :  Joan HamburgrecessionSaks Fifth Avenue

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