Despite concerns about trade, U.S. retail imports set a new record in May and are expected to continue to increase in June and July, according to the National Retail Federation.
Hudson’s Bay Company announced that the century-old Lord & Taylor store on Fifth Avenue will cease operations in early 2019. Following the announcement of the purchase of the building by WeWork in October 2017, Lord & Taylor had planned to downsize and keep a physical presence on the lower floors.
Two years after shuttering all stores in New York, the Los Angeles-based chain The Coffee Bean & Tea Leaf plans to open 100 locations in the region, starting with Manhattan.
Forever 21 will be relocating in Herald Square, taking 43,000 square feet at Vornado’s 435 Seventh Avenue in H&M’s former space.