Detroit standards, he adds. Ceresnie says that all things consid- ered — the terrorist attacks, a sour economy and mild winter — he was pleased with how 2001 ended, and he remains confident about this year, not only for his business, but for downtown Birmingham. Around the corner, Mark Keller, owner of women's clothing store, says it's only natural that every few years there's a cycle of change when retail spaces turn over. But the key to Birmingham's ongoing success, he says, will be with specialty retailing and multi-branded stores sell- ing merchandise from up-and-coming designers. "The big guys are as common as a white T-shirt,' he says, adding that the recruitment of better stores to fill a "quality void" will help strengthen downtown Birmingham's shopping mix. It wasn't all that long ago when homegrown retailers were well- entrenched in suburban shopping plazas, area malls and downtown streetscapes. Businesses that catered to the carriage trade were born alongside those with a taste level slightly more down market. Some time around the late 1970s, though, the local color that character- ized retailing in metro Detroit began to fade, thanks in part to heightened com- petition from national players and com- placency in the face of changing tastes and times. Yet, many continue to stay the course, and thrive, despite the odds. "Some locals are success stories," says retail ana- lyst Fred Marx. Certain retail sectors, like fine jewelry, No deposit fees. No checking fees. No transfer fees. No bull. You've never seen a bank like this! Paramount Bank waives the usual fees for these services, and we refuse to nickel and dime our business customers for things like deposit slips or "teller transactions." Many customers tell us they save $500 and more a month. Check the chart to see how much it can save you. If you're fed up with the charges your current bank is hitting you with, perhaps it's time to pay them one last fee. Transfer your account to Paramount Bank. t Business & Commercial Estimated Annual Feest Birmingham Upswing "Downtown Birmingham is still the only place like it in [the area] with such a concentration of upscale outdoor shopping in one place," says Mike Ceresnie of Ceresnie and Offen Furs. "It's a thriving district," and not just by he says, are better fits for independents. "Books and hardware are more com- modity related," he explains. "The cus- tomer doesn't need that attachment [that would come from investing in fine jewelry] because the brand is more important." Marx recommends independents find a niche and "stay out in front, be a risk- taker and develop a strategy. Make the investment and then keep reinvesting. [Success] doesn't happen by itself" The Shirt Box's Elkus makes an important distinction between the locals and their national brethren. "I find we're like dinosaurs, a sort of dying breed," he says. "I'd hate to see us like the drugstore chains and get gobbled up. It's an important time for us_ to sup- port the independents." fl PARAMOUNT BANK You've never seen a bank like this! Per Check Per Deposit Slip Check Ordering Fee Courier Service Total Branches Birmingham Farmington Hills 248.723.4800 248.538.7600 $0.00 $0.00 Monthly Fee 0 2 a $0.00 $0.00 S240.00 $156.00 $225.00 $200.00 $0.00 $0.00 $021 .0 BANK ONE For Loretta Globerson, co-owner of Baby & Me in West Bloomfield, service is key in her business. She says provid- ing the highest level of customer atten- don, not to mention a policy of dis- counting prices, has been a matter of course for the. 24-year-old shop. She's not bothered by the Baby Gaps, Old Navies or Kohls of the world. "We do our own thing, develop it and do what we do best," she says. "They build their reputations on one look. We give [customers] any look they want, and a lot of service." But shoppers are getting more diverse. A quick scan of the parking lots at such thrifty outlets as Costco, TJ Maxx or Value City can attest to that fact. There's definitely loyalty, but people will shop anyplace to get what they need, says Gary Astrein, co-owner of Astrein's Jewelers in Birmingham. Astrein isn't complaining. He's quite a booster for the commercial hub with downtown Birmingham, Royal Oak and Troy's Somerset Collection as its anchors, complementing, rather than competing, with one another. "It's a great triangle," he says, and getting stronger. Astrein has been in downtown Birmingham for nearly three decades, and despite some recent high-profile departures, he remains upbeat about the viability of the shopping district. He cites a growing number of entertain- ment and dining venues, and several local and national retail concepts slated to open this year. "Retail is getting back to a good state," he says, as consumers become more comfortable spending money" It also doesn't hurt that his is a business that benefits from the area's healthy appetite for luxury goods. Other Birmingham shopkeepers share similar views, particularly those that have been in town long enough to see the shopping hub press on, despite its obituary being written every now and again, particularly when Somerset Collection expanded in 1992 and again in 1996. $ I92.00 $144.00 $180..00 S 77.25 ; • 1- These fees may vary based on your business's individual needs and usage. *Service not available FDIC 4/12 2002 15