Retail Industry
Industry: Email Alert RSS FeedShopping spree: inside New York's large, better grade stores. (New York, NY) (Industry Overview)
Children's Business, March, 1995 by Rieger, Nancy
A generation ago, affluent New York City parents met their children's wardrobe needs by shopping at a select group of better grade stores. Generally it was Brooks Brothers for boys, Bergdorf Goodman for girls, and Lord & Taylor, Saks Fifth Avenue or Bloomingdale's for both genders. Retailing has undergone a seismic shift since then.
The Gap has democratized fashion, Donald and Ivana Trump were spotted in Kmart before their divorce several years ago, and no one is ashamed to visit a factory outlet. Today's Park Avenue more is just as likely to be found cruising Baby Gap as she is the luxurious baby boutique at Barneys New York on Madison Avenue. While some better retailers dismiss the effect this change may have had on the way they operate their children's...
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