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Luxury Abounds & Fuels High End Retail Boom

Tuesday, 20 Dec 2011 | 1:41 PM ET

The International Council of Shopping Centers and Goldman Sachs predict a December increase in shopping, up 4% over last year. CNBC's Courtney Reagan has the details of the luxury boom this season. Also, Edward Yruma, KeyBanc Capital Markets senior retail analyst takes a closer look at the current state of specialty retail.