The World’s Most Expensive Shopping Streets

New York City’s famed 5th Avenue is no longer the most expensive street to lease a retail store According to a new report from Colliers International. The average annual rent on Manhattan’s luxury shopping destination fell 10.7 percent from a year earlier to $1,250 a square foot as of March. In first place now is … Continued

Louis Vuitton opens Champs-Elysees store Sunday amid legal battle

Louis Vuitton opened its Champs-Elysees store Sunday amid an ongoing national battle over the supposed day of rest. French law only allows retailers that sell sporting, recreational, leisure and culture items in heavily trafficked tourist areas to open Sunday. The law is aimed to support “dominical rest.” Louis Vuitton has argued that the store features … Continued