LONE STAR BLUES: SHOPPING IN TEXAS IS GETTING LESS GLAMOROUS

摘要

THE LONG TAIL OF THE OIL BUST IS HITTING LUXURY RETAILERS TOO. SORRY, NEIMAN MARCUS. IN THE SAME WAY the fortunes of New York luxury emporiums like Saks Fifth Avenue and Barneys move with Wall Street's gyrations, upscale Texas stores rise and fall with the oil industry. So despite this year's incipient oil comeback, Lone Star State retailers catering to the well-heeled are feeling the pain from the commodity's bust.