Signs of the Times: Russian luxury lags, Web scams up

Newswire

(Reuters) - The global recession manifests itself in big and small ways, most gloomy, some quirky and often reflecting the inventive human spirit. Here is a look at some signs of the times. * Times are grim for Moscow's once-exploding luxury goods markets, where profits are forecast to fall by a third in 2009. The signs on the luxury stores of British designers Alexander McQueen and Stella McCartney were scratched off by hand less than 18 months after their grand openings; the stilettos, ...

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