Retailers still opening on Fifth Avenue

Retailers Armani And Diesel Opened Flagship Stores On Fifth Avenue, between 49th and 58th streets, last month, and Tommy Hilfiger is expected to join them with a 22,000-square-foot store this summer. David LaPierre, a senior vice president at CB Richard Ellis, said Fifth Avenue is moving away from high luxury brands as moderate retailers like Abercrombie & Fitch, Diesel and Tommy Hilfiger open stores, making the area more appealing to a broader range of shoppers. Abercrombie & Fitch opened a store at 720 Fifth Avenue, at 56th Street, in 2005, and revenue at the store rose 23 percent last year.