Definition of "semiluxury"
Of a class of goods between standard and luxury.
Quotations
Howard Davidowitz, who has studied consumer habits firsthand for decades, said that in the last three years he has seen more cash purchases at luxury boutiques like Louis Vuitton and semiluxury chains like Coach. Mr. Davidowitz, chairman of Davidowitz & Associates, a retail consulting firm, suspects now that $2,000 handbags and $700 shoes are commonplace, more women pay in fresh bills from the A.T.M. to cover their tracks.
2007 January 14, Shivani Vora, “Money Doesn’t Talk”, in New York Times