Los Angeles is hardly immune to the economic meltdown affecting the entire country, but the city, which boasts some of the most famous shopping destinations in the world, still sees a few bright spots in sought-after retail real estate.
Beverly Hills’ Rodeo Drive, a week ago the site of a star-jammed party honoring its latest Walk of Style award recipient, Manolo Blahnik, is one of the city’s most iconic thoroughfares. It is located in an area known as The Golden Triangle — from Crescent Boulevard to Wilshire Boulevard to Santa Monica Boulevard — that generates more than $1.3 billion in sales and attracts an estimated five million visitors annually. (Only South Coast Plaza, 35 miles south in Costa Mesa, Calif., rakes in more — an estimated $1.5 billion annually.)
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)