Online shopping, slowing tourism are making it harder for retailers to justify the sky-high rents along shopping strip
Thu, Apr 06, 2017 - 5:50 AM
Ralph Lauren became the latest retailer to pull up stakes, announcing that it would close its flagship Polo store at Fifth Avenue and 55th Street as part of a previously announced effort to reorganise the firm.
BERGDORF Goodman. Tiffany & Co. Louis Vuitton. Fifth Avenue in Manhattan is to shopping what Broadway is to theatre, defined by the marquee names that for decades have occupied some of New York City's most prized real estate.