The stock market has plummeted and the economy is slipping, but one of Seattle’s newest children’s shops is positioned to survive the economic storm.

Last weekend, Buggy celebrated its first anniversary as a retail hybrid, a children’s boutique on Beacon Hill that sells new and gently used clothes — from new T-shirts for urban toddlers and used ski jackets for babies to organic bubble bath for newborns and slightly worn rain boots for kindergarteners.

With polished wood floors and original art on the wall, Buggy is a casually chic store, where shoppers often find the children of owners Heather Hollenbeck and Sarah Dublin playing with an ample supply of toys.

Customers “like to come here because it is a very comfortable place,” said 35-year-old Hollenbeck. “I think what makes our store different is that as well as a store it is a unique community center.”

To build its community, the store hosts monthly knitting classes for parents and nonparents, a biannual Uteropia sale for new and expectant moms, regular infant massage classes and story times during the holidays.