Fifth Avenue is to undergo a major transformation. Mayor Eric Adams has confirmed that New York City’s iconic shopping street is to receive an investment totalling 400 million dollars to fund plans to pedestrianise the boulevard. While an initial 152.7 million dollar investment had first been announced in December under the Future of Fifth...
May 22, 2025
Prada has completed the purchase of a building on Fifth Avenue for 425 million dollars, a move signaling its transition from leasing the five-story boutique at 724 Fifth Avenue, which it has done since 1997. The acquisition aligns with Prada's strategic vision to focus on the US market where its sales have been less than robust, emphasising the...
Dec 22, 2023
Swarovski has opened its largest flagship store to date on New York's iconic Fifth Avenue as part of its wider global retail strategy. Opening its doors to the public just in time for the holiday season, the new 14,400-square-foot, two-story store features a unique concept by creative director Giovanna Engelbert that seeks to pay homage to the...
Dec 11, 2023
American fashion brand Abercrombie and Fitch announced the recent opening of a new store in New York City, located at 668 Fifth Avenue. Situated between 52nd and 53rd, the store has joined a vast array of other retail locations lined up on Fifth Avenue, which is considered as one of New York's leading shopping hubs. Offering men’s, women’s,...
Jul 26, 2023
As several luxury flagship locations keep popping up on New York’s Fifth Avenue, Louis Vuitton is the next in show, according to the New York Post. The retail hotspot has recently seen the opening of the new Tiffany flagship, and the building of the new 21-story Rolex headquarters is underway. In a similar fashion, the new Louis Vuitton flagship...
May 3, 2023
New York’s Fifth Avenue has reclaimed its position as the world’s most expensive retail street. The data was released by global commercial real estate services firm Cushman & Wakefield, who said the average rents of 2,000 dollars per sq ft beat Hong Kong’s 1,436 dollars per sq ft and Milan’s via Montenapoleone at 1,380 dollars per sq ft. It is...
Nov 28, 2022
Mango has opened a new flagship store on Manhattan’s Fifth Avenue. The new flagship store is near the famed Saks Fifth Avenue flagship, as well as tourist attraction Rockefeller Center. Clocking in at 23,000 square feet, the store’s location is 711 Fifth Avenue. “The opening of the new flagship store is a major step forward in our strategic...
May 11, 2022
Spanish fashion retailer Mango is to open a flagship store on New York’s iconic Fifth Avenue in the first half of 2022, bringing its total number of US stores to nine. Located in Plaza District, in the Grande Dame building, the store will have a selling space of close to 2,100 square meters and will carry the retailer’s women’s, men’s and kid’s...
Jan 25, 2022
Valentino is suing the landlord of its Fifth Avenue store in an attempt to terminate their lease. Valentino says that the FIfth Avenue location is no longer prime retail space due to the coronavirus pandemic. In March when New York City went on lockdown, Valentino's four-story flagship store closed like all non-essential businesses. During the...
Jun 22, 2020
The National Basketball Association (NBA) has been sued for not paying rent on its Fifth Avenue store for the past two months. The organization now owes 1.2 million dollars in unpaid rent to its landlord for the lease on its store space in Midtown New York. 535-545 Fee LLC, who leases the retail space to NBA Media Ventures LLC, says the NBA...
May 27, 2020
Gap will start 2019 strong: the U.S. fashion label will be shutting down a large number of poor performing stores nationwide. Its flagship in Manhattan’s Fifth Avenue will be one of the first to close its doors. Gap (GPS) is set to shut its massive NYC store on Fifth Avenue, CNBC reports, as the apparel retailer recently said it is considering...
Dec 27, 2018
Another retail casualty is coming to Fifth Avenue. Versace's flagship will no longer be residing at 647 Fifth Avenue, and the space is being offered for a five year lease by James Downey and Eric Le Goff of Cushman & Wakefield the New York Post reported. It's an interesting time in Versace's history as the company was recently acquired by Capri...