Every city has one - a retail thoroughfare that houses the most exclusive stores. Real estate slowdown or not, these luxury corridors are still thriving - for now. (
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J.Crew's CEO says that this is the worst retail environment he's seen in 40 years in the business. His strategy? Launch a new, upscale brand called Madewell. (
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The $270 billion luxury business thought it was recession-proof. But its growth is slowing, and anxiety is higher than a pair of Jimmy Choo pumps. (
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