Luxury party isn't over but guest list got shorter, says 5 New Digital's Michael Zakkour

Shots t >> SHOTS THERE OF BLACK FRIDAY. LET'S DIVE INTO THE LUXURY RETAIL SECTOR. JOINING US NOW IS MICHAEL ZACHARY.HE'S FIVE DIGITAL FOUNDERND THE AUTHOR OF THE BOOK THE NEW RETAIL. MICHAEL THANK YOU SO MUCH FOR JOINING US. GREAT TO SEE YOU.MORNING. SO I SEE THIS SPLIT NOW BETWEEN THE POPULAR NARRATIVE, WHICH IS WE HAVE THIS K-SHAPED ECONOMYTHE WEALTHY ARE DOING WELL FROM THE STOCK MARKET. THEY'RE SPENDING LUXURY IS TERRIFIC.EVERYTHING ELSE IS NOT DOING WELL BECAUSE THE CONSUMER IS UNDER PRESSURE FROM HIGH ...