Topics » Business & Economy   Dec. 23, 2011

Bargain Basements and Top Shelves: What's Driving Retail Growth?

Hermès Watch: $36,200

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Photo: Simon Dawson/Bloomberg via Getty Images

Louis Vuitton Bandouliè: $1140Mouthwash: $2Hennessey Cognac: $200,000Paper Towels: $1Gucci Speedboat: $750,000Holiday Toys: $1-$15Chanel Diamond Bag: $261,000Mustard: $1-$1.50Hermès Watch: $36,200 Laundry Detergent: $2.75

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."