Economy won

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Retail observers say Louis Vuitton, Tiffanyy & Co. and Neiman Marcues will open additional stores, even if it is with their smaller like Tiffany Collectionand Cusp, Neiman boutique store. Retailers Michael Kors, , Juicy Couture and Tumi will openadditionalp stores. Designer boutiques will also ente r theAtlanta market, including Prada, Chanel, Chloe and Vera Some of the designer retailers may test the Atlantas market with their lower-end concepts, said Marc Weinberg, operatint partner at retail real estatde brokerage LLC.
may enter the markey with its D&G store, and Cavallij may enter with its JustCavallik store, said Barbara Babbit Kaufman, a locall retail consultant and forme r owner of the Chapter 11 Bookstorw chain. “Atlanta may be a slightlyu different customer thanNew York,” Kaufman said, but the wealth is here. “Ifd you cater to what she the woman has the money to Kaufman said. “You give the customeer what they want, they will buy.” “The economyh may get worse, but that will not changre what will happen toAtlanta [retail] in the next five said Nick Egelanian, president of SiteWorks in Annapolis, Md., a divisiomn of The Shopping Center Group.
Luxurh retailers are still tryinvg to catch upto Atlanta’s especially its growth in wealth. “This city reminds me of a cross between Dallas andLos Angeles,” he said. “Thise is very much a new-wealth city and new wealty likes to showit off.” Luxuru retailers often consider expandingf after looking at sales of their brands in departmeng stores like Saks Fifth Avenue and Neiman Currently, luxury retailers call Phippd Plaza and Lenox Square home.
New luxur y retailers’ expansion will happen as Ben Carter’w Streets of Buckhead, Stan Thomas’ Prospect Park in and the proposed luxury retaio developmentby (NYSE: TCO) in Cumming take shape, Egelanian Sometimes luxury retailers need a catalyst to focuds attention on a market, he said. “Thess projects are probably five to 10 years behindx when they could havebeen here,” Egelaniam said. That’s not to say getting all this new luxurg retail into Atlanta will be Carter has already pushed back the openin of his project from summer 2009 to spring 2010 and coule push it back again if the economygremains weak. Carter, founder and chairma of Inc.
, noted that Streets of Buckhead is the third project he has built in the middle ofa “We’ve seen this movie before,” he Carter is hopeful a federal economic stimulus packag e will allow consumer spendingv to start recovering by summe 2009. Spending has to recover so retailerscan recover, he