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MIDTOWN EAST—As part of their rebranding effort, department store Lord & Taylor revealed new rose-printed bags (pictured at right), awnings and ads at their Fifth Avenue flagship and other stores today. Store execs are also hosting a contest where aspiring artists can design and submit their own rose iconography; the grand prize winner will receive a $10,000 cash prize and will have their work showcased all over the place in L&T stores. [RackedWire]
CHELSEA—After a massive sale, the Barnes & Noble at at 675 Sixth Avenue in Chelsea finally closed its doors for good last night. The shuttering was due to rent increases. "'In anticipation of the lease coming up, we tried negotiating with the landlord,' said Mitchell S. Klipper, chief operating officer of Barnes & Noble. 'The brokers came in and put crazy numbers in their minds. We can’t pay those kinds of rents. We’ve been looking two, three years for a replacement. We have not been able to find a suitable location at rents that are affordable.'" [City Room]