Crossword Genius

Tailor item in sale acquired by nouveau riche (8)

Ross

I believe the answer is:

clothier

I'm a little stuck... Click here to teach me more about this clue!

'tailor' is the definition.
(I've seen this before)

'item in sale acquired by nouveau riche' is the wordplay.
I cannot quite see how this works, but
'item' could be 'lot' (I've seen this before) and 'lot' is found within the answer.
an anagram of 'riche' is 'chier' which is located in the remaining letters.
This accounts for all the letters.
This may be the basis of clue (or it may be nonsense).

Can you help me to learn more?

(Other definitions for clothier that I've seen before include "Merchant who sells men's suits etc" , "One selling material or garments" , "tailor" , "Seller of garments" , "Shopkeeper" .)

I've seen this clue in The Telegraph.
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