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Hong Kong is well-known as a financial center and a mecca for high-end shoppers.
This diminished the pattern's status in the eyes of high-end shoppers.
But the good stuff is increasingly hard to find, driving up prices to the point where even high-end shoppers experience a bit of sticker shock.
While New York and Los Angeles have long been magnets for high-end shoppers, Miami's popularity as an attraction for moneyed foreigners, particularly from Latin America and Russia, has created an increasingly vibrant luxury market.
Mr. Donnelly said he believed the lower-than-usual luxury numbers had to do with fewer European tourists and few compelling reasons for high-end shoppers to visit stores in July.
But as Leeds flourishes as a haven for high-end shoppers, the city's historic Kirkgate market remains one of the oldest and most important retail developments for people of all backgrounds.
Similar(46)
"We don't think about it as a high-end shopper and a low-end shopper," Mr. Nordstrom said.
The recent earnings reports of some luxury goods retailers and automobile companies show just how much the high-end shopper has been willing to spend again.
"A good olive oil that now costs $32 a bottle instead of $29 does not make a huge difference to a high-end shopper," he said.
Fancy customers may not mind, though, as the service has always catered more to the high-end shopper with its "best of the best" curated selection of goods.
I'm not a high, high, high-end shopper, so in my own company we call it 'attainable luxury.' I'm really trying hard to build product at a good price.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com