The hottest inflation in 40 years is squeezing households forced to pay higher prices for food, energy and almost everything else, driving consumers to spend more cautiously and generally hurting retailers.
Unless they are selling luxury goods.
Jewelers, watch sellers and custom tailors are all reporting strong sales that show no sign of waning. At Hamilton Shirts, a Houston store selling custom-made shirts for about $300, demand is so strong that orders that once took three week to complete now take eight weeks as high-end shirt makers try to keep up
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