That's not to say that you big spenders won't want to drop cash at Chicago's version. The city's Magnificent Mile is a great shopping corridor with plenty of high-end stores to anchor the fest. The first announced celeb is Carson Kressley, who will kick off the festivities August 26.
Plus, Michigan Avenue-area hotels, shops and restaurants will offer celebrity chefs, trunk shows, designer events and street performances, the Chicago Tribune reported. Organizers also plan to work with shopping tour operators overseas to really bring in the tourism bucks. And like the Dubai fest, Chicago will have raffles with crazy-expensive prizes, like a five-day stay at the Fairmont Chicago Millennium Park hotel's presidential suite, which retails for $20,000. We're sure our credit cards will get plenty of use during the Mag Mile fest.
[Photo: Harry Pujols]