Competing for a permanent home in Manhattan, retailers are racing to buy their storefronts
The city’s flagship retail storefronts are so rare that businesses are opting for the nuclear option – buyout. Kering and Prada bought their Fifth Avenue stores last year for $835 million and $963 million, respectively. Now, Uniqlo is buying the 100,000 square feet of retail it already occupies at 660 Fifth Ave. from Vornado. Uniqlo … Read more