Central Massachusetts should be fertile ground for luxury retailers and the Natick Collection, the Worcester Telegram & Gazette is reporting.
The Census Bureau estimates Worcester County is home to 110,686 households with more than $75,000 in annual income. An estimated 71,571 of those households, or 25 percent of all households in the county, have more than $100,000 in annual income.
Yet aside from small, independent boutiques or specialty retailers, itís tough to find brand-name luxury shopping in the Worcester area. Shoppers willing to plunk down $300 or more for a wool sweater generally have to get in their cars and drive ó to Newbury Street in Boston or the Mall at Chestnut Hill in Newton; to Providence or to New York City.
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