Expensive Luxury Gadget

Luxury Shopping
Another phenomenon the luxury market are "Luxury Shopping Avenues". Certain Streets like the Milan Via Monte Napoleone, Paris Champs Elysees or the New York 5th Avenue become global shopping windows and places where the luxury brands want to be represented. These retail districts concentrate luxury-type stores that are managed by large corporations, while conventional and independent retailers are pushed out because increasing rent and real estate prices.