On Madison Avenue, luxury shops pack their hand-tooled bags - International Herald Tribune

On Madison Avenue, luxury shops pack their hand-tooled bags - International Herald Tribune: "Retailers typically expect their rent to equal about one-tenth of their sales volume. 'In a prime location like Madison Avenue, most retailers will change that to 25 percent,' said Joel Isaacs, the president of Isaacs & Company, a retail brokerage. Even under that formula, a tenant paying $1.25 million for 1,000 square feet would need to have nearly $5 million in annual sales."