BOSTON ( TheStreet) -- The last 20 years have been a period of consolidation for many of America's most-beloved department stores. Some of the country's most famous independent chains -- I. Magnin, Wanamaker's and Bullock's -- have been acquired by larger rivals, such as Saks ( SKS) and Macy's ( M). That brought the end to many hometown department stores.The trend has given rise to the micro-department store. These small-scale retailers sell designer merchandise in chic locations usually in the epicenter of a city's most up-and-coming shopping areas. This new breed of department store has become essential for fashionistas.
|The Webster in Miami offers style in spades.|