Tous is set to add two new locations to its North American property portfolio. The brand has recently launch its second store in New York at 412 West Broadway and is planning a further opening at The World Trade Center.
After years of retail rental growth, Manhattan real estate prices have slowed and even decreased in some neighborhoods. The Manhattan Retail Report for Spring 2016 details retailer's hesitance due to sluggish sales.
British fashion brand L.K. Bennett saw turnover fall from £95.3m to £93.6m in the year to August 1 2015, while like-for-like sales rose by 5%. It has announced store openings for the US and Russia this year.
The newly built World Trade Center Transportation Hub, designed to resemble a dove but tasked with the job of a phoenix, opens this week, nearly 15 years after the Sept. 11 attacks left Lower Manhattan in ashes.