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Americana's Anniversary

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It's been one year since Glendale's Americana at Brand debuted, and, as might have been expected, its high hopes have been somewhat dashed by the down economy. Although the center still only has an 8% vacancy rate (lower than the national average), shops like Ruehl, Lucky Kids, Peter Alexander, Kira Plastinina and Aveda have all shuttered in the past year. H&M and Forever 21 are some of the few retailers reporting strong traffic, while "the poor economy has taken a toll on the initial forecasts" for luxury retailers such as Tiffany & Co. and Barneys New York— a phenomenon California Apparel News likens to "selling champagne in a beer market." [CAN]


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