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Article: Newbury St. site of new British invasion ; Weak dollar, low rent help draw international merchants to struggling retail hub
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- November 4, 2009
- Author:
CopyrightCopyright 2009 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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There are teapots galore, sweets with names like Tiddly Pots and
Smiley Licks, and mannequins draped in the red and blue Union Jack.
It's an English invasion of sorts on Newbury Street, where three
new British brands have in recent weeks set up shops in the
struggling retail district. Upscale chocolatier Hotel Chocolat,
men's designer Ben Sherman, and fashion boutique Ted Baker have
debuted stores within a two block stretch here, taking advantage of
lower rents and a weak dollar.
"Newbury Street has a feeling of Europe and merchants abroad are
willing to try and test out the market here with the exchange rate
and the rents down 15 to 20 percent compared to two years ago," said
Tom Brennan of ...