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Luxury Stores Putting Brakes On Store Openings

The immediate fallout of the credit crisis on the high-end luxury market will be more hesitant store expansion, says the Journal.

That isn't stopping the Neiman Marcus Christmas "Book" from offering such goodies as a limited-edition 2009 BMW Individual 7 Series Sedan for $160,000. The AP reports on MSNBC that the retailer has made surprisingly few concessions to the financial crisis running from Wall Street to Main Street.

In fact, if you want to do your bit for the environment by cantering to upscale malls in horse country instead of driving, you can buy a stable of 12 to 15 thoroughbreds and have them stabled, trained and managed by Three Chimneys Farm in Versailles, Ky., for a mere $10 million.

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Read the whole story at The Wall Street Journal, MSNBC/AP »

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