{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Designer stores and boutiques suffer in global downturn' data-url='/boclips/videos/5c54c4f7d8eafeecae16ca17' data-video-url='/boclips/videos/5c54c4f7d8eafeecae16ca17' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nDesigner stores and boutiques suffer in global downturn\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003e1. Wide shot exterior of cinema theatre showing large advertisement for \"Shopaholic\" movie ++NIGHT SHOT++2. People inside cinema foyer, entering for movie premiere 3. Wide shot \"Cosmopolitan Shopping\" magazine advert display inside the...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. Wide shot exterior of cinema theatre showing large advertisement for \"Shopaholic\" movie ++NIGHT SHOT++\u003cbr/\u003e2. People inside cinema foyer, entering for movie premiere \u003cbr/\u003e3. Wide shot \"Cosmopolitan Shopping\" magazine advert display inside the theatre \u003cbr/\u003e4. Back shot mannequin in the hall \u003cbr/\u003e5. SOUNDBITE (Russian) Anastasia Pyatina, Editor of Cosmopolitan Shopping, Russian edition magazine:\u003cbr/\u003e\"I think it is not the usual times for shoppers and shopping, of course the (economic) crisis influences the consumers in Moscow and Russia. However, I think, the consumption will simply be redistributed: people, who cannot buy Stella McCartney and (Alexander) McQueen (British designers), I guess would be buying H\u0026amp;M (Swedish clothing company), and this is not that bad, it is also fashionable and beautiful.\"   \u003cbr/\u003e6. Covers of \"Grazia\" magazine on the wall \u003cbr/\u003e7. Set up shot for Daria Veledeyeva, editor-in-chief of Grazia magazine \u003cbr/\u003e8. Close-up magazine article on computer screen \u003cbr/\u003e9. SOUNDBITE (Russian) Daria Veledeyeva, Editor-in-chief of Grazia magazine:\u003cbr/\u003e\"It is not a secret to anyone that we are in the middle of a global economic crisis now, and buying new shoes or a purse is a little less important for people than it was half a year ago. And the producers and sellers of luxury goods are losing a lot because of it.\" \u003cbr/\u003e10. Wide shot Moscow street with banners\u003cbr/\u003e11. Shop window with 50 percent Sale sign \u003cbr/\u003e12. Stella McCartney boutique window \u003cbr/\u003e13. Wide shot exterior Lanvin boutique \u003cbr/\u003e14. Close up Lanvin sign \u003cbr/\u003e15. Mid of Lanvin window display\u003cbr/\u003e16. Two women posing for photograph at the \"Shopaholic\" movie premiere \u003cbr/\u003e17. Pan from woman taking picture to two men posing for picture \u003cbr/\u003e18. Wide shot Russian pop singer Electra talking to journalists \u003cbr/\u003e19. SOUNDBITE (Russian) Electra, Russian pop singer:\u003cbr/\u003e\"There are huge discounts in the majority of the shops now, and I think this is a very good season for shopaholics because even the new (designers') collections, which usually cost a fortune in spring, are now sold with a big discount. So, I think this is not at all bad times for shopaholics.\" \u003cbr/\u003e20. People at the premiere \u003cbr/\u003e21. Fashion poster \u003cbr/\u003e22. Mid of luxury handbags \u003cbr/\u003e23. Woman waving at camera \u003cbr/\u003eLuxury clothes retailers in Moscow, who enjoyed a boom until recently have been some of the hardest hit by the economic downturn, fashion experts say.\u003cbr/\u003eBut judging by the enthusiasm with which young fashion-addicts in the Russian capital thronged at a downtown cinema theatre to attend the movie premiere of the \"Confessions of a Shopaholic,\" film it appears they might have no intention as yet of staying away from the shops.\u003cbr/\u003eTrendy young Muscovites circulated in the foyer of a downtown cinema theatre, inspecting lavish magazine displays before watching the film which tells the story of a young woman with an addiction to designer labels.\u003cbr/\u003eIn reality, many luxury brands, including designer brands like Stella McCartney, Alexander McQueen and Lanvin are closing their boutiques in Moscow and announcing going-out-of-business sales. \u003cbr/\u003eSome Russian fashion sales experts, however, remain unconcerned and say that lower-priced imported brands could take their place. \u003cbr/\u003e\"People, who can not buy Stella McCartney and McQueen, I guess would be buying H\u0026amp;M (Swedish clothing company), and this is not that bad, it is also fashionable and beautiful,\" editor of the Russian edition of Cosmopolitan Shopping, Anastasia Pyatina said. \u003cbr/\u003eFor many Muscovites, now is the time for cutting back on expenses and that includes spending less on fashion. \u003cbr/\u003e\"Buying new shoes or a purse is a little less important for people, than it was half a year ago. And the producers and sellers of luxury goods are losing a lot from it,\"Daria Veledeyeva, editor-in-chief of the Russian edition of Grazia women's magazine said. \u003cbr/\u003eHowever, with many stores offering huge discounts, Moscow shopping centres still remain full of shoppers looking to take advantage of the discounts. \u003cbr/\u003eBritish designers Stella McCartney and Alexander McQueen, due to close after the sales, are currently advertising 50 percent discounts.\u003cbr/\u003eA fact which is very welcome among the city's shopaholics.\u003cbr/\u003e\"There are huge discounts in the majority of the shops now, and I think this is a very good season for shopaholics because even the new collections, which usually cost a fortune in spring, are now sold with a big discount, \" Russian pop-singer Electra told Associated Press at the \"Shopaholic\" movie premiere.\u003cbr/\u003eOver the past decade, the filtering down of oil cash has transformed Moscow from one of the grimmest capitals in Europe to glitzy city, with marble-floored shopping malls and upmarket boutiques.  \u003cbr/\u003eBut the climate is changing, analysts say, and if oil prices keep falling, things could look very bleak six months from now.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator 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