Former Saks CEO, Mastercard Senior Advisor Steve Sadove on luxury pricing & consumer spending

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Former Saks CEO, Mastercard Senior Advisor Steve Sadove discusses the price increases in the luxury sector and how the sector is strong, but facing some supply chain issues. Sadove explains that wh...

Former Saks CEO, Mastercard Senior Advisor Steve Sadove discusses the price increases in the luxury sector and how the sector is strong, but facing some supply chain issues. Sadove explains that while prices are increasing, consumers are willing to pay the increase in price because other profitable industries like travel are down. Sadove also discusses how apparel sales are up because more people are starting to go out as we shift towards an endemic with Tom Keene and Lisa Abramowicz on "Bloomberg Surveillance."

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