• 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.