The Luxury Flagship War on Fifth Avenue

A daily mix of stories about cities, city life, and our always evolving neighborhoods and skylines. [Curbed]( THURSDAY, FEBRUARY 1 BRICK AND MORTAR [The Luxury Flagship War on Fifth Avenue]( Why Prada, LVMH, and other luxury brands are buying up real estate. Photo: Paul Brown/Shutterstock Fifth Avenue, lined with the flagship stores of Cartier, Bergdorf Goodman, Gucci, and other premium luxury brands, is known for its sky-high retail rents —[the highest in the world](, in fact. But [many have wondered]( whether the strip, which has long epitomized glamour and wealth in New York, would maintain its status despite the rise of online shopping and the economic fallout from COVID. But they needn’t have worried — luxury brands are doing just fine. Their [sales, which went up last year, are expected to rise again]( this year to $77 billion in the U.S. And they’ve found a work-around for those high rents: using the abundance of cash they’re sitting on to buy their own real estate. [Continue reading »]( Want more on city life, real estate, and design? [Subscribe now]( to save over 60% on unlimited access to Curbed and everything New York. [Learn more about RevenueStripe...]( The Latest [Not Just Any Beach Pass The scramble to get the most coveted parking permit in the Hamptons.]( By Stephanie Krikorian [The Look Book Goes to a Dance Battle As part of the Motion/Matter: Street Dance Festival, the Perelman Performing Arts Center hosted voguers, break-dancers, and waackers, among others.]( By Kelsie Schrader and Jenna Milliner-Waddell [The Lidls Are Coming Soon there will be almost a dozen locations of the discount European grocery chain in New York City.]( By Clio Chang [Learn more about RevenueStripe...]( [Read More From Curbed]( [Sign up to get The Listings Edit](, a weekly digest of the most worth-it apartments in New York. [GET THE NEWSLETTER]( [logo]( [facebook logo]( [instagram logo]( [twitter logo]( [unsubscribe]( | [privacy notice]( | [update preferences]( This email was sent to {EMAIL}. Was this email forwarded to you? [Sign up now]( to get this newsletter in your inbox. [View this email in your browser.]( You received this email because you have a subscription to New York. Reach the right online audience with us For advertising information on email newsletters, please contact AdOps@nymag.com Vox Media, LLC 1201 Connecticut Ave. NW, 12th Floor Washington, DC 20036 Copyright © 2024, All rights reserved