HighEnd Stores

HighEnd Stores. Means only the first class department stores, first class retail stores and first class boutiques that (i) carry products substantially similar to the Licensed Articles that are sold by or on behalf of other prestige luxury brands and (ii) are approved by VEW in advance in writing. By way of illustration only, and without limitation, High-End Stores may include Federated Department Stores, Marshall Fields, Dayton and Hudson, Bed, Bath & Beyond, Saks Fifth Avenue, Neiman Marcus and Fortunoff.... Syratech shall submit a list of proposed High-End Stores to VEW by August 30th of each Contract Year during the Term commencing with Year One and VEW shall approve or disapprove such list of proposed High-End Stores by September 30th of such Contract Year. High-End Stores do not include discounters or mass distributors that sell consumer products (which may, from time to time, include prestige luxury consumer goods) at prices below their suggested retail prices in the regular course of business. By way of illustration only, existing discounters and/or mass distributors currently include, without limitation, Target, K-Mart, Sears, J.C. Penney, Costco and Wal-Mart. View More