Luxury Abounds & Fuels High End Retail Boom

1:41 PM ET Tue, 20 Dec 2011

The International Council of Shopping Centers and Goldman Sachs predict a December increase in shopping, up 4% over last year. CNBC's Courtney Reagan has the details of the luxury boom this season. Also, Edward Yruma, KeyBanc Capital Markets senior retail analyst takes a closer look at the current state of specialty retail.