“As we enter another summer of The Great Recession, consumer spending is down—more than 30 percent according to a recent Gallup Poll—and even those who can still afford to splurge are being plagued by ‘luxury shame,’ reports a recent issue of Entrepreneur, so they avoid high-end retailers like Bloomingdales or Nordstrom in favor of Target or—gasp!—Wal-Mart. FIT Athletic, a luxurious, $9 million, 47,000 square foot athletic club in downtown San Diego's East Village (with more than 3,000 members)...
http://www.sandiego.com/business/san-diego-luxury-businesses-adjust-to-tough-times
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