VOICED: Big brands crowd out luxury boutiques in New York

The video discusses the opening of a luxury store on Madison Ave amidst a lingering recession, highlighting the ability of global brands to expand. It covers the real estate shakeup on Madison Ave due to rising rents and decreased consumer spending, which has forced small businesses to relocate. The video also explores how some businesses have moved to Lexington Ave, where rents are cheaper, forming a mini Madison Ave with a focus on personal service-oriented businesses.

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