It will take more than an eye for style to fix the problems at Neiman Marcus Group Ltd., a quintessentially American luxury department-store chain hoping to relive its former glory.
Even retailers that aren’t outwardly struggling are constantly evaluating their options and making strategic decisions about closing stores, according to Green Street.
The year’s biggest lease was BlackRock Inc.’s agreement to take 847,000 square feet at 50 Hudson Yards, a tower under construction on the far west side.
Before Amazon.com jolted the food world with its $13.7 billion deal to purchase Whole Foods in June, Lidl’s U.S. expansion was the biggest story in the grocery industry.