If you only wear the affordable GO! collections at Target and love shopping at H&M, watch out. It might get a little more crowded this year.
That's because "luxury" shoppers aren't shopping as much at their usual high-end stores.
According to BusinessWeek, stores like Nordstrom, Saks Fifth Avenue, and Neiman Marcus saw tiny Holiday increases in sales, if not a drop, this past season, and are expecting a major slowdown. Retail expert Patricia Pao says, "Everyone's shopping for the bare necessities, and people have stopped treating themselves."