The Real Deal New York

From the July issue: Which New York retailers are riding out the recession and which are suffering? Typically, the extreme ends of the market — luxury stores like Saks Fifth Avenue and discount mass-merchants like Wal-Mart — prove recession-proof. By contrast, mid-market chains like the Gap usually suffer. Here in New York, many generalities hold true, but the massive influx of free-spending foreign tourists and the huge population of office workers add slightly different nuances to the demand picture.