Despite the threadbare economy, luxury retailers are likely to keep expanding in Atlanta as they try to catch up to the area’s growth, especially in wealth.
Retail observers say Louis Vuitton, Tiffany & Co. and Neiman Marcus will open additional stores, even if it is with their smaller concepts, like Tiffany Collection and Cusp, Neiman Marcus’ boutique store.
Retailers Michael Kors, Hugo Boss, Juicy Couture and Tumi will open additional stores.
Designer boutiques will also enter the Atlanta market, including Prada, Chanel, Chloe and Vera Wang.
Some of the designer retailers may test the Atlanta market with their lower-end concepts, said Marc Weinberg, operating partner at retail real estate brokerage The Shopping Center Group LLC.
Dolce & Gabbana may enter the market with its D&G store, and Cavalli may enter with its Just Cavalli store, said Barbara Babbit Kaufman, a local retail consultant and former owner of the Chapter 11 Bookstore chain.
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More highend stores like D&G and Prada coming to Atlanta
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DOLCE&GABBANA
, Mar 03 2009 10:21 AM
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