To make it even more clear, we are in the midst of a GLOBAL recession. Markets are spiraling down around the world, stock futures are not being allowed to be traded, and the NYSE might even have to put the brakes on trading altogether for the 1st time since 1997. Why am I telling you all of this (when odds are you already know all of this)?
Because THIS is the climate that Towson Town Center decided to use as the backdrop to open their "high end luxury wing".
For those too lazy to read the article, here are the highlights:
- Burberry, Pottery Barn and Crate & Barrel opened in the new wing yesterday
- Louis Vuitton and apparel retailer Lacoste will open next summer
- Restaurants P.F. Chang's and the Cheesecake Factory also began serving yesterday
- Some analysts say they have heard that Tiffany's is considering moving to the mall
- Other stores that have opened or will open soon are Sephora, BCBG Max Azria, Bose, Fossil, Lucky Brand and Martin + Osa
All bullet points are directly copied and pasted from the article. Any misspellings / incorrect information is solely the responsibility of the fact checker of the Baltimore Sun.
Now I know I am not, nor have I ever been one of those affluent people that buys overpriced, useless crap because of the label on / in it. I am one of those middle class people that buys decently priced / sale priced useless crap without giving a crap about the name on the label. But THESE two people make me shake my head...
Maria Lugl, a Towson homemaker whose husband is an architect, bought two clutches from the Coach store, a pair of designer jeans from Martin + Osa and a slipcover from Pottery Barn. She's happy she soon won't have to travel as far for the brands she likes."The guys at the Louis Vuitton store in Chevy Chase are going to miss me," the 29-year-old said. Angela Lang, who was carrying a Burberry purse yesterday, said she likes upscale stores but it's difficult to travel too far for shopping with her 5-year daughter and 2-year-old son."We've been waiting for great shopping for a long time," said 33-year-old Lang, who lives in Fork. "I'm anxious to see what else is coming."
You know what I am anxious to see coming? The bottom of the stock plunge, so I can know if I should wipe my mouth with my latest 401K breakdown, or if I should just wipe my ass with it. THAT would be nice to know.