But recent decades have not been kind to many of retailing giants, and the likes of the iconic Jenners, John Menzies, C&A, Littlewoods and Woolworths have all disappeared.
Take a look through our picture gallery to see 11 Princes Street shops locals would like to see make a comeback.
. Gone but not forgotten
Take a look through our picture gallery to see 10 Princes Street shops locals would like to see make a comeback. Photo: Third Party
. The Disney Store
To have a Disney store on a street named Princes Street, was pretty much a match made in heaven. If we close our eyes, we can still keenly recall the huge wall of fluffy Disney characters, the overwhelming aroma of polycarbonate plastic, and all set to the strains of Disney composer Alan Menken. Photo: PAUL RAEBURN
. Wimpy
Back in the day, Wimpy's burgers represented the best of British and served as the main rival to the hot shot American intruder, McDonald's. This particular fast food outlet eventually became a Burger King in the 1990s and Wimpy burger soon disappeared from Princes Street for good. Photo: TSPL
. Lilywhites
It's been decades since Lilywhites sports shop occupied Princes Street, but plenty of people still recall the shop fondly. Photo: Ian Brand
5. Littlewoods
It was a sad day for Princes Street when Littlewoods closed for the last time. This sprawling store, which sold a large selection of affordable clothing, had been part of the fabric of Edinburgh city centre for generations. Photo: SUSAN BURRELL
6. RW Forsyth
Once a rival to Jenners, RW Forsyth was one of the city's most upmarket department stores and immensely popular with the public, if this Boxing Day 1980 sales queue is anything to go by. Photo: Alan Ledgerwood
7. Smalls
Central Edinburgh had no shortage of large department stores back in the day. Here is the exterior of Smalls in Princes Street, July 1977. Photo: Ian Brand
8. Burberry
High fashion retailer Burberry was always busy with shoppers in the 1990s. Photo: TSPL