A report released Tuesday by CBRE Group found that Hong Kong and New York City rank number one and two as the world’s most expensive prime retail markets.
Victoria’s Secret has reopened its New York flagship with a re-design that embodies the brand’s sexy, sophisticated and glamorous spirit with a nod to its heritage. Click here to see photos.
A few of Disney’s darlings are taking to the virtual runway in New York City, as Mickey and Minnie Mouse, Daisy Duck, Snow White and Tiana are appearing in the holiday display lighting up the windows of the Barneys New York flagship store on Madison Avenue.
For most retailers, a handful of stores in New York would mark a strong presence in one of the world’s shopping capitals. But that wasn’t enough for Spanish fashion retailer Zara, which operated seven stores in New York until this past March, when the brand opened a new flagship that serves as an international icon.
Manhattan retailers are facing the same intensified pressures from Internet retailers and a slow recovery that are causing big box stores to close and shrink throughout the country. Only here, landlords are better positioned than their suburban counterparts to deal with the weakening demand by returning the space from whence it came.
The first phase of Bergdorf Goodman’s (New York) men’s wear emporium renovation of its third floor contemporary designer space has been completed with the unveiling of the Lanvin shop.
Treasure&Bond may be Nordstrom’s new, cool downtown retail experiment, but it’s running on a lean and mean budget, and donating all profits to charity.
Grand Central Terminal is about to become a high-tech hub. Apple is opening its fifth Manhattan store in the bustling midtown landmark on Friday, aiming to capture commuters’ dollars.
Joe Fresh, the Canadian value-priced apparel brand, has opened its first permanent U.S. store, in Bridgewater Mall, Bridgewater, N.J., and another in Roosevelt Field Mall, Garden City, N.Y. The company will make its New York City debut, in Manhattan’s Flat Iron District, on Nov.3. A second store will open in spring, on Fifth Ave.