Tracey Ross has run one of the top boutiques in Los Angeles for nearly two decades, but has decided to close her store on New Year’s Eve due to the economy.  Tracey Ross was a mainstay for celebrities and their stylists, with people like Mary Kate Olsen, Jennifer Lopez and Britney Spears among her clientele.

Asked the reason for the closing, Ross tells WWD, “Of course, it’s the economy.”

Darn. No more shopping for hip designers like Vivienne Westwood, Derek Lam, Roland Mouret and Chloe, or picking up fashion and pop culture books,  expensive handbags and cutting-edge accessories.

Source: latimesblogs.latimes.com