Once a shrine to a retailer’s brand, ‘flagships’ lose luster

It used to be considered the retailer's crown jewel — a large format store on a swank corridor that showed off the best of what a brand had to offer. But now the so-called flagship store is disappearing from high-profile shopping thoroughfares like Manhattan's Madison Avenue and Chicago's Magnificent Mile because of skyrocketing rents and the ...

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Once a shrine to a retailer’s brand, ‘flagships’ lose luster

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