Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers


For Luxury Goods, the Recession Is History

Prices for luxury items have jumped

Luxury chains including Barneys New York and Saks are selling costlier goods, scaling back discounts and promotions they offered to attract shoppers during the recession.

The average price for U.S. luxury goods, excluding jewelry, jumped 11% in March from the year earlier, according to MasterCard Advisors' SpendingPulse data. Says Milton Pedraza, chief executive of New York-based research firm Luxury Institute: "The get-it-cheap party for luxury consumers has ended."

Average price of a luxury handbag sold at U.S. department stores:

Pre-recession: $2,000

2009: $1,600

2010: $1,800

Data: Hana Ben-Shabat, A.T. Kearney

Timberlake is a reporter for Bloomberg News .

blog comments powered by Disqus