Quote:
Originally posted by Sister Havana
In Chicago, a Filene's Basement opened on North Michigan Avenue some years ago, across the street from Water Tower Place and a couple blocks from a lot of high end stores (Louis Vuitton and all the Oak Street designer boutiques). There was more concern about the Victoria's Secret that opened right next door than the Filene's Basement. It hasn't seemed to hurt the business of the other stores. Of course, there's always been a decent mix of things in that area.
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There's a Filene's in Atlanta that is across the street from 2 high-end malls that have Bloomingdale's, Neiman Marcus, Saks, Louis Vuitton, etc. I doesn't seem to hurt business here either.
Like RedRose said, people who want this season's styles will still go to those high-end stores. The people who never purchased items before from those stores and don't care that the clothing is from last season will be the ones shopping at Filene's.