Retail Detail. Dangerous Game: Has Saks Ruined Luxury Retail?

Has Saks ruined the luxury market, forever? Saks Fifth Avenue slashed prices by up 70% on designer clothes last November before the holiday season even began…and all fashionista hell broke lose? Manolo Blahnik shoes going for $160? It started a stampede. According to an in-depth article in yesterday's Wall Street Journal, Saks's deep, mid-November markdowns …

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Retail Detail. The L.A. Boutique Closing Epidemic

L.A. is suffering from an epidemic of closings and downsizing which has really hit high-profile specialty boutiques. From Rodeo Drive to Melrose Avenue the economic reality has rocked merchants on some of the Los Angeles region’s best-known shopping streets. The shutdown of boutiques like Tracey Ross, which closed on New Year’s Eve after 18 years …

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Sign of the Times. Tracey Ross Closes

Here we go. Get prepared to see many more store closings in the upcoming months. Famed L.A. boutique, Tracey Ross, is closing on New Year’s Eve because of fallout from the recession. Ross first opened her shop, on Robertson Boulevard, in 1990 before moving to the Sunset Plaza district in West Hollywood in 1996, where …

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