European luxury retail outfits are taking advantage of the fragile U.S. economy; even in areas such as San Francisco's Union Square, where storefronts fetch some of the highest rents in the country, the waning dollar and the resulting increase in European tourism has encouraged Euro retailers to scout for square footage Stateside. San Francisco socialites may commence with the Pavlovian salivation now: Rumor has it that cherry-soled icon Christian Louboutin will soon alight upon San Francisco. No location yet— give us a minute, will you? [Footwear News— yes, there is an online publication called "Footwear News"]
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