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Tales of Retail

By Carl Gaines 8/17/12 2:03pm

Tales of Retail

Rob Goldberg.

Tommy Bahama Retail, Bar and Restaurant on Schedule for 551 Fifth

The Feil Organization’s 551 Fifth Avenue, known as the Fred French building, will soon be home to a unique shopping experience. Retailer Tommy Bahama signed a 12-year lease for 8,500 square feet of space at the Art Deco tower back in January 2011 and this November plans to open its first standalone New York store—which will include a restaurant and bar.

The Commercial Observer spoke to Rob Goldberg, Tommy Bahamas’ senior vice president of marketing, who detailed how the location will be tailored to the New York City market—and why the retailer expects the location and its combination restaurant-bar-retail to not only provide branding but turn a profit. Read More

By Matt Chaban 1/18/12 11:40am

Tales of Retail

Shiny new sales. (Brownstoner)

Discounts Galore! Century 21 May Bring Bargains to Fulton Mall

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. Read More

6/15/11 1:22pm

Tales of Retail

Mr. Futterman.

Fairway Beats Whole Foods Among Retail Brokers

Fairway beat out Whole Foods for more than just space on the Upper East Side—the local food market also won 2010′s Retail Deal of the Year Award for “Deal That Most Benefits Manhattan,” taking home the top honor over competitor Whole Foods at a Real Estate Board of New York party on Tuesday night.

“This Read More

By Matt Coyne 2/17/11 2:22pm

Tales of Retail

Report: Borders Bankruptcy to Give Nearby Stores the Blues

Not only are three of New York’s eight Borders stores closing–news passed along after Borders’ anticipated filing of Chapter 11–but projections from the CoStar group foresee vacancy rates for nearby retailers to increase.

Basically, Borders has the flu, and now nearby stores can expect to catch a cold.

The CoStar projections see vacancy rates climbing Read More