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Tracey Ross Closing New Year's Eve!

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After nearly two decades on the LA retail scene Tracey Ross will close her Sunset Plaza shop on New Year's Eve, due to the economy. WWD reports "Ross opened her store on now-trendy Robertson Boulevard in 1990 before moving to Sunset Plaza in 1996, where the iconic boutique has drawn a dedicated following of celebrities." Ross told the pub bluntly: “Of course, it’s the economy.” [WWD, subscription req]