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...crippling economic downturn with its mounting job losses and frozen credit markets has extended far beyond mainstream America, hitting high-end consumers in their Gucci pocketbooks. "This is one of the worst financial crises of our time, and [luxury] has been one of the hardest hit markets for retailers," said Monica Aggarwal, a director in Fitch Ratings Retail Group...
Although many retailers say the worst is over, industry experts believe many high-end retailers remain in "survival mode" and that more could fail before the sector rebounds...
What's clear is that the future is uncharted. In past economic downturns the luxury end of the market was largely unscathed as high-income shoppers tended to be less affected by the ebbs and flows of the economy and more impacted by stock market fluctuations...
...Quakers, co-defending champions, lost quality seniors such as Alex Grendi and Omid Shokoufandeh and will have trouble replacing their goal contributions. Road games to Brown and Harvard at the end of the season also spell trouble for their post-season chances...
...Indiana and beat Princeton earlier in the year. As for Long Beach State, the 49ers had dominated No. 21 Missouri, 4-1, before heading to Cambridge. Just as importantly, last year’s team also took some time to get going, and look where they ended up—the NCAA Tournament. To take the comparison even further, that group’s first entry into the win column also came at the expense of New Hampshire in the third game of the season. Perplexing, however, are the Crimson’s struggles when considering its track record...