alt Hacker NewsThe other US phenomenon is mega-chains which can operate at much narrower margins (or even negative margins in some marquee locations).
The other US phenomenon is mega-chains which can operate at much narrower margins (or even negative margins in some marquee locations).
To be fair, that specifically is not a US phenomena. Flagship stores that operate as a loss purely for the prestige of a location have existed basically since the dawn of modern retail. Operating in Manhattan or on the Champs Elysees is a sign you are a serious grownup store.