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Tight-Knit Business

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San Francisco knitwear designer Margaret O'Leary opened her first East Coast shop last week. The 800-square foot space in NoLIta is just a first step for the designer, who hopes to open two more NYC stores. So if you forget to pack your favorite Margaret O'Leary cashmere sweater for a weekend jaunt back east, you can now pick up a new one.[WWD]