Can Luxury Retail Attract a New Generation of Shoppers?

| January 13, 2020

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In spring 2019, Saks Fifth Avenue unveiled a lavish, much-publicized $250 million renovation of its iconic Manhattan store. Meanwhile, Seattle-based luxury retailer Nordstrom which had already staked a claim in New York City with its Nordstrom Rack and Nordstrom Local stores just threw down the gauntlet with its first-ever New York flagship. The new store occupies a full seven floors of the tallest residential building in the western hemisphere, according to CNBC.com, at the posh address of 57th and Broadway. And last March on Manhattan’s West Side, the long-anticipated Hudson Yards complex opened its doors, featuring a veritable parade of designer brand stores such as Chanel, Coach, Dior, Fendi, Louis Vuitton and Tiffany, not to mention Dallas-based luxury retailer Neiman Marcus.

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Retail Bouw Management is an international full service project management bureau and realize efficient, qualitative and innovative projects for shops. We manage complete projects: new, refit, replacement, extension and (re-) establishments.

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