The Credit Crunch has arrived in Beverly Hills
BEVERLY HILLS – For the first time in many years, shops on swanky Rodeo Drive advertise discounts up to 80 percent while others are quietly going out of business. Established fashion brands such as Lisa Kline and Rock & Republic are looking for retailers to take over their expensive leases. And jittery sales assistants confide that at least two luxury brand boutiques have handed out pink slips in recent months.