Boutique

A boutique is "a small store that sells stylish clothing, jewelry, or other usually luxury goods".[1] The word is French for "shop", which derives ultimately from the Greek ἀποθήκη (apothēkē) or "storehouse".[2][3]

The term "boutique" and also "designer" refer (with some differences) to both goods and services which are containing some element that is claimed to justify an extremely high price. As with the fine art market, and the use of art in money laundering schemes, national governments have to be concerned with boutique shops and the high pricing of boutique goods as instruments in fraud and other financial schemes.

HK Causeway Bay Lee Garden Hermes Shop
A Hermès boutique in Causeway Bay, Hong Kong
Roberto Cavalli Shop (Via della Spiga - Milan)
Roberto Cavalli boutique in Via della Spiga, Milan

Etymology and usage

The term "boutique" entered common English parlance in the late 1960s. In Europe, Avenue Montaigne and Bond Street were the focus of much media attention for having the most fashionable stores of the era.[4]

Some multi-outlet businesses (chains) can be referred to as boutiques if they target small, upscale market niches.[5] Although some boutiques specialize in hand-made items and other unique products, others simply produce T-shirts, stickers, and other fashion accessories in artificially small runs and sell them at high prices.

Lifestyle

In the late 1990s, some European retail traders developed the idea of tailoring a shop towards a lifestyle theme, in what they called "concept stores",[6] which specialized in cross-selling without using separate departments. One of the first concept stores was 10 Corso Como in Milan, Italy, founded in 1990, followed by Colette[7] in Paris and Quartier 206[8] in Berlin. Several well-known American chains such as Tiffany & Co. Urban Outfitters,[9][10] Dash, and The Gap,[11] Australian chain Billabong and, though less common, Lord & Taylor, adapted to the concept store trend after 2000.

Nowadays, however, people are turning more and more to online shopping. Retailers as well as buyers, due to lack of time, prefer to be able to order their stocks, or pieces through 1-3 clicks. Online boutique business has a lot of good sides, like there is no need to pay a high rent or invest in the store or the possibility to manage the store wherever you are, which make retailers to turn more and more towards internet. For the buyers, online shopping represents the possibility to save time as well, since they can order the item and get it delivered in just a few days.

See also

References

  1. ^ "boutique". Merriam-Webster's Dictionary. Retrieved October 1, 2014.
  2. ^ boutique, on Oxford Dictionaries
  3. ^ ἀποθήκη, Henry George Liddell, Robert Scott, A Greek-English Lexicon, on Perseus
  4. ^ Avalith. "Historypin - Tours - Carnaby Street, 1960s London". historypin.org. Archived from the original on 2016-07-15. Retrieved 2014-10-13.
  5. ^ "Starting a Boutique Business". Jalingo.co. Retrieved August 23, 2015.
  6. ^ "New retailers floor customers". Sydney Morning Herald. April 19, 2004. Retrieved 2008-10-29.
  7. ^ Katya Foreman. "Colette Unveils Redesigned Store Interior". WWD.
  8. ^ "Quartier 206". unlike.net. Archived from the original on 2008-10-25.
  9. ^ "Urban Outfitters: Dressed For Success". Forbes. December 20, 2007.
  10. ^ Wernick, Ellen (2003). "Urban Outfitters, Inc". International Directory of Company Histories.
  11. ^ "colette and Gap collaborate on new store (Vogue.co.uk)". Vogue UK. Archived from the original on 2008-12-01.
Boutique Air

Boutique Air, Inc. is a commuter airline based in San Francisco, California. The airline offers charter services as well as scheduled passenger services subsidized under the Essential Air Service (EAS) program. In June 2019, Forbes ranked Boutique Air as the fastest airline in the U.S.

Boutique hotel

A boutique hotel is a small hotel which typically has between 10 and 100 rooms in unique settings with upscale accommodations and individualized unique selling points (USPs). Boutique hotels were a popular style in the 1980s and 1990s.

Broker

A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be confused with that of an agent—one who acts on behalf of a principal party in a deal.

Hostel

Hostels provide lower-priced, sociable accommodation where guests can rent a bed, usually a bunk bed, in a dormitory and share a bathroom, lounge and sometimes a kitchen. Rooms can be mixed or single-sex, and private rooms may also be available.

Many hostels are family owned or run, and are often cheaper for both the operator and occupants than hotels; hostels may have long-term residents who they employ as desk agents or housekeeping staff in exchange for the experience or discounted accommodation.

In the Indian subcontinent and South Africa, hostel also refers to boarding schools or student dormitories in resident colleges and universities. In other parts of the world, the word hostel mainly refers to properties offering shared accommodation to backpackers or other low-budget travellers.

Hotel

A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a refrigerator and other kitchen facilities, upholstered chairs, a flat screen television, and en-suite bathrooms. Small, lower-priced hotels may offer only the most basic guest services and facilities. Larger, higher-priced hotels may provide additional guest facilities such as a swimming pool, business centre (with computers, printers, and other office equipment), childcare, conference and event facilities, tennis or basketball courts, gymnasium, restaurants, day spa, and social function services. Hotel rooms are usually numbered (or named in some smaller hotels and B&Bs) to allow guests to identify their room. Some boutique, high-end hotels have custom decorated rooms. Some hotels offer meals as part of a room and board arrangement. In the United Kingdom, a hotel is required by law to serve food and drinks to all guests within certain stated hours. In Japan, capsule hotels provide a tiny room suitable only for sleeping and shared bathroom facilities.

The precursor to the modern hotel was the inn of medieval Europe. For a period of about 200 years from the mid-17th century, coaching inns served as a place for lodging for coach travelers. Inns began to cater to richer clients in the mid-18th century. One of the first hotels in a modern sense was opened in Exeter in 1768. Hotels proliferated throughout Western Europe and North America in the early 19th century, and luxury hotels began to spring up in the later part of the 19th century.

Hotel operations vary in size, function, complexity, and cost. Most hotels and major hospitality companies have set industry standards to classify hotel types. An upscale full-service hotel facility offers luxury amenities, full service accommodations, an on-site restaurant, and the highest level of personalized service, such as a concierge, room service, and clothes pressing staff. Full service hotels often contain upscale full-service facilities with a large number of full service accommodations, an on-site full service restaurant, and a variety of on-site amenities. Boutique hotels are smaller independent, non-branded hotels that often contain upscale facilities. Small to medium-sized hotel establishments offer a limited amount of on-site amenities. Economy hotels are small to medium-sized hotel establishments that offer basic accommodations with little to no services. Extended stay hotels are small to medium-sized hotels that offer longer-term full service accommodations compared to a traditional hotel.

Timeshare and destination clubs are a form of property ownership involving ownership of an individual unit of accommodation for seasonal usage. A motel is a small-sized low-rise lodging with direct access to individual rooms from the car park. Boutique hotels are typically hotels with a unique environment or intimate setting. A number of hotels have entered the public consciousness through popular culture, such as the Ritz Hotel in London. Some hotels are built specifically as a destination in itself, for example at casinos and holiday resorts.

Most hotel establishments are run by a General Manager who serves as the head executive (often referred to as the "Hotel Manager"), department heads who oversee various departments within a hotel (e.g., food service), middle managers, administrative staff, and line-level supervisors. The organizational chart and volume of job positions and hierarchy varies by hotel size, function and class, and is often determined by hotel ownership and managing companies.

List of investment banks

The following list catalogues the largest, most profitable, and otherwise notable investment banks. This list of investment banks notes full-service banks, financial conglomerates, independent investment banks, private placement firms and notable acquired, merged, or bankrupt investment banks. As an industry it is broken up into the Bulge Bracket (upper tier), Middle Market (mid-level businesses), and boutique market (specialized businesses).

Paul's Boutique

Paul's Boutique is the second studio album by the American hip hop group Beastie Boys. Released on July 25, 1989, on Capitol Records, it was produced by the Dust Brothers. Apart from the group's vocals, the album is almost entirely composed of samples. Recorded in Matt Dike's apartment and the Record Plant in Los Angeles from 1988 to 1989, and mixed at the Record Plant, Paul's Boutique did not match the sales of the Beastie Boys' debut album Licensed to Ill, and Capitol made little effort to promote it. As its popularity grew in the years following, it became recognized as breakthrough achievement and a classic hip-hop landmark. Its innovative lyrical and sonic style earned the Beastie Boys' a position as critical favorites within the hip-hop community. Sometimes described as the "Sgt. Pepper of hip-hop", the album's rankings near the top of many publications' "best albums" lists in disparate genres has given Paul's Boutique critical recognition as a landmark album in hip hop.

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