Sunday, 18 September 2011
Luxury shopping Districts
Another phenomenon of the luxury market are "Luxury Shopping Avenues". Certain thoroughfares like Moscow's Tverskaya Street and Tretyakovsky Proezd, New York's Fifth Avenue, Chicago's Michigan Avenue, Beverly Hills' Rodeo Drive, Paris' Champs-Élysées and Avenue Montaigne, Milan's Via Monte Napoleone, London's Bond Street and Sloane Street, Mexico City's Avenida Presidente Masaryk, Tokyo's Ginza are some places where most luxury brands tend to be concentrated. These retail districts concentrate luxury good stores that are managed by large corporations, while conventional and independent retailers are pushed out because of increasing rent and real estate prices.