Tales of Retail
Though the city lost hundreds of millions of dollars in tourism revenue following the terrorist attacks of Sept. 11, 2001, a steady rebound in tourism and the closely tied retail market has occurred, perhaps best personified by the rebirth of Lower Manhattan.
“There’s a lot going on Downtown that shows it is stronger and better Read More
If the Fulton Mall is being transformed, it is only so much. The strip is being glammed up, stocked with major national retailers, at the cost of the mom and pops who have called the mall home for decades.
Still, things are not changing so much. As previously, pretentiously noted, Smith Street it ain’t, nor is it going to be. This is still a discount strip. From H&M to Target, the Gap to the almost-Filene’s, the newcomers have been far from high end—not counting the hamburgers. For further proof of the trend toward the same, welcome Century 21 to the neighborhood.
Tales of Retail
The weekly phone calls. The dinner invites. The gifts.
When representatives from Walmart, the nation’s largest retailer, waltz into the New York Hilton for this year’s two-day International Council of Shopping Centers conference, many of the city’s most intrepid retail brokers will be close behind them, perhaps even plying those officials with compliments, dinner invitations and business opportunities.
It may be the worst shopping experience after the Trader Joe’s in Union Square. Still, when Century 21 is good, it’s really good. Dress shoes, bow ties, and some of the best clearance deals in town—if you can stand slapdash shelves and crammed clothes racks, the flood of tourists fighting for clothes and the woefully indifferent staff, the store can be a goldmine.
These problems could be disappearing as Century 21 plans to expand its downtown flagship in the coming months, according to Crain’s. Well, everything except for the rudeniks behind those red aprons.
A release from brokerage Cushman & Wakefield confirms that Century 21 will indeed open its second Manhattan store in the space evacuated by the Lincoln Square Barnes & Noble. Century 21 had just yesterday denied rumors that the switch was afoot.
MyUpperWest reported that the department store would be opening a branch at the Read More