It is so sad that the Nordstrom in our area is closing down. It was one classy store. It is where Rachel, my daughter, worked and was proposed to. Sales at top end stores are doing well while sales at the lower end of the spectrum are doing well. It's the middle class shopping havens that have struggled. As a result stores like Tiffany's, Ralph Lauren, Whole Foods, Coach, and Estee Lauder are doing well, while Target, Kohl's, and Gap are struggling. Discount stores like Costco, Dollar stores, and TJ Maxx are bustling with business. The unemployment rate for people with a bachelors degree or higher is 4.3%, less than half what it is for the whole nation.
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