So sad to hear about those department stores. We were there together last October. I will miss those iconic stores. They were special . You mentioned briefly the boutique stores . In a fashion post I read the Asians are no longer excited about buying those designer brands as they used to and started appreciating local made goods. I wonder what economists think ? I hope you will say something about it .
I remember our time at Saks, and in fact, we were commenting on their selection! I do believe local and vintage shopping behavior has increased. And, I see this with GenZ and I believe it has put a dent into big box brands. I will also love my LV though!
I subscribe because of your bias!
It’s an echo chamber
.... but the good kind!
So sad to hear about those department stores. We were there together last October. I will miss those iconic stores. They were special . You mentioned briefly the boutique stores . In a fashion post I read the Asians are no longer excited about buying those designer brands as they used to and started appreciating local made goods. I wonder what economists think ? I hope you will say something about it .
I remember our time at Saks, and in fact, we were commenting on their selection! I do believe local and vintage shopping behavior has increased. And, I see this with GenZ and I believe it has put a dent into big box brands. I will also love my LV though!
This is also a story about the overreach and bad decisions of private equity generally, but in this case a specific failure in retail. https://www.reuters.com/sustainability/sustainable-finance-reporting/luxury-powerhouse-brink-how-saks-big-merger-bet-failed-2026-01-08/#:~:text=Canada%2Dbased%20conglomerate%20Hudson's%20Bay,fashion%20for%20over%20a%20century.
I have never heard of them but you're big box store and retailwea are struggling. Even pharmacies are buckling