Luxury Shopping Districts
Another phenomenon of the luxury market are "Luxury Shopping Avenues". Certain thoroughfares like Leeds' Victoria Quarter, Milan's Via Monte Napoleone, Rome's Via Condotti, Tokyo's Ginza, Moscow's Tverskaya Street, New York's Madison Avenue and Fifth Avenue, Chicago's Michigan Avenue, Beverly Hills' Rodeo Drive, Paris' Champs-Élysées, Avenue Montaigne and Rue du Faubourg Saint-Honoré, London's Bond Street and Sloane Street, Mexico City's Avenida Presidente Masaryk, São Paulo's Rua Oscar Freire, Prague's Pařížská street, Toronto's Bloor St., Düsseldorf's Königsallee, Singapore's Orchard Road and Frankfurt's Freßgass area 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.
Read more about this topic: Luxury Good
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