Stock market volatility, inflation and concerns about rising interest rates could soon slow all parts of the economy — even demand for luxury goods
New York Are upper middle class and affluent shoppers starting to feel the pinch from higher prices and geopolitical concerns? If so, what does that mean for the rest of American consumers?
.Gary Friedman, the CEO of high end furniture retailer RH , said in its earnings call last week that"we have experienced softening demand in the first quarter that coincided with Russia's invasion of Ukraine in late February and the market volatility that followed.
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