Friday, April 11, 2008

Rueters: Weddings Weather Economic Woe

New York weddings weather economic woe

By Claudia Parsons

NEW YORK (Reuters) - Investment bank bailouts, home foreclosures and job losses have spread economic gloom through America but in New York, at least, there's one industry still weathering the storm -- high-end weddings. Cake makers, florists, wedding planners and dress-makers at a wedding show this month said brides were still determined to enjoy their big day with almost no expense spared.

While some couples were cutting back on non-essentials, for example having only two bridesmaids instead of four, most vendors at the New York magazine Weddings Showcase in Manhattan said they were yet to see a serious dip in business. "So far I would say compared to last year, this year people seem to be spending just as much," said Amy Salvini-Swanson, co-owner of Greenwich Letterpress, which offers invitations at anywhere from $600 to $1,200 for 100. Her co-owner, Beth Salvini, added: "People still get married during recessions. It's a safe bet, people still need invitations."

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