Posted Nov 27, 2023, 5:52 PM
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Registered User
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Join Date: Mar 2010
Posts: 584
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I just popped into the Ralph Lauren store on Michigan Avenue and the staff there said it was the busiest weekend they've ever had and the store set a sales record. Just one data point, but it's some positive Michigan Avenue and Chicago-as-destination news. Michigan Ave has its problems, but if sales numbers are still getting blown out there, it means there's still enough foot traffic on big days to justify high rents and a statement retail presence. I have to imagine as online sales become a bigger and bigger part of consumer sales, the physical stores that do exist are going to be in a small number of statement locations. For Michigan Ave to remain one of those locations is a matter of not screwing it up more than anything else.
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