Word: topshop
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Dates: during 2003-2003
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...risks faced by these new stores have never been greater. Pressure is coming from the economy: rents on Manhattan's Fifth Avenue are hitting $1,200 per sq. ft. (your local supermarket probably pays about a hundredth of that). Moreover, such design-conscious chains as Target and Topshop have proved that they can deliver style smarts at a lower price. Indeed, luxury shoppers are now as likely to be found in Costco or Tesco as they are in Chanel. Those shoppers who traded up to luxury brands in the booming '90s fell away when the market...