Bargain Basements and Top Shelves: What's Driving Retail Growth?
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Hermès Watch: $36,200
The le-temps-suspendu Hermès watch sits on display during the luxury watch exhibition SalonQP 2011 at the Saatchi Gallery in London. The rose gold edition retails for $36,200 and a steel version goes for $17,150.
Millward Brown Optimor ranks the French fashion house as the second most-powerful luxury brand in the word, with a brand value of $11.9 billion.
Liz Claiborne CEO Bill McComb told us, "Our focus on great brands brought us to a market segment of the higher end, accessible luxury consumer. And even though the economy's bad, they're spending money. They have disposable income to spend."