Thursday, August 1, 2019

Once a retail shrine , flagship stores lose their shine

Associated Press
It used to be considered the retailer’s crown jewel — a large format store on a swank corridor that showed off the best of what a brand had to offer.

But now the so-called flagship store is disappearing from high-profile shopping thoroughfares like Manhattan’s Madison Avenue and Chicago’s Magnificent Mile because of skyrocketing rents and the shift to online shopping. . . . more