L.A. Fashion Fixture Tracey Ross Closes, Citing Economy
Known for its high-end collection of designers like Peter Som, Stella McCartney and Thakoon, the shop catered to celebs including Kate Hudson and many of LA's well-known tastemakers.
Owner Tracey Ross lamented that it has become "impossible to compete" when mega-retailers like Saks Fifth Avenue are marking down merchandise to 80% off retail.
Gallery: Brands in Trouble