Paris Tourism Feels the Economic Chill

At his Paris souvenir shop on the Boulevard de Clichy, at the foot of Montmartre, manager Amir Mezzine is getting desperate. His sales have plummeted 30% since last year. Fewer tourists are stopping by—and those who do spend less. He has rejiggered his inventory, replacing higher-priced items like sweatshirts and framed prints with Eiffel Tower key chains, Moulin Rouge magnets, and other cheap trinkets, to no avail. "We are unable to adapt," he sighs.

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