Department stores seem to be making a comeback. And rather than famous corridors such as Lexington and Fifth avenues, retailers are looking to set up shop in Brooklyn and Harlem.
Hudson’s Bay has reportedly finalized the deal for its New York City headquarters and Saks Fifth Ave. store at Brookfield Place, as well as a Off 5th at One Liberty Plaza. Now, the company is focusing its attention uptown. Hudson’s Bay is looking to open a Lord & Taylor, or an outlet concept store, there.
Macy’s is also looking to open an uptown outpost, according to the New York Post.
Besides Harlem, Brooklyn is also getting love from department stores. Nordstrom Rack has opened there, Saks is moving to the borough and Century 21 will settle at CityPoint. Forever21 and Uniqlo are also looking to open in Brooklyn after H&M successfully paved the way for the retailer.