This street in Milan has the world’s most upscale shopping

Milan’s Via MonteNapoleone has displaced New York’s Fifth Avenue.

Shoppers laden with bags from Fendi, Loewe, Prada, and other designer labels clog the narrow sidewalks of Milan’s swankiest shopping street, bringing joy to the purveyors of high-end luxury goods this, and every, holiday season.

There’s even more to celebrate this year: a commercial real estate company has crowned Via MonteNapoleone as the world’s most expensive retail destination, displacing New York’s Fifth Avenue.