Wed Feb 17 09:03:00 -0500 2010

WWD (New York)

- Fendi, Lanvin and Versace are in the latest wave of brands opening this month at the $8.5 billion CityCenter resort’s high-end shopping mall, the Crystals, and taking a long-term view about investing in a struggling market.

“Consumers aren’t buying the same quantities, and prices are more competitive than in the past, but there have been visible signs of improvement,” said retail analyst Dana Telsey. “In Las Vegas, the value customer is still driving the market so any recovery going to be slower.”

To view the full article, download the PDF here: WWD, February 17, 2010