Twenty of the most important and expensive shopping streets in the world.

Retailers pay top dollar for the privilege of operating stores on prominent thoroughfares.While the sagging economy has dampened consumers ’taste for luxury goods,prices on these key streets haven ’t faltered.The high rents are a price retailers are willing to pay to build global brands.For the sake of diversity,only N.Y.is included among American cities.For more on North America,see page 15.

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