My good friend and my bookkeeper has told me that she has seen the economy declining for a number of years, based on what she has seen with her clients and their vendors. “In fact,” she once told me “I can tell how bad it is really getting by how easy it is to find a parking space on Newbury Street.”
According to a report in today’s Boston Globe, the Pottery Barn is closing its Newbury Street store.
“It’s surprising to see some one like Pottery Barn go. But there’s been so many stores leaving,” said Debbie Greenberg, owner of upscale boutique Louis Boston, which is planning to vacate its landmark Newbury Street space by next spring for another neighborhood. “The rents went up so high, and then only the stores that could afford it came, making it look like the same street in Chicago and Dallas. It’s not original anymore.”
Looks like finding a parking space on Newbury Street just got a little easier. And after Louis Boston moves, it perhaps will get even moreso.
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Tags: Economy, In the News, Yep. We're in trouble.