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WWD reports that Juicy Couture is leaving its Madison Avenue store because the rent is just too high. "The lease was signed at the height of commercial real estate in New York," explained the publicist for the brand, which had been paying $2 million a year for the space. "Landlords will have to bring down prices. Nobody will be willing to pay them.” It also happens that Juicy's Fifth Avenue flagship, which opened last October, is thriving, so it's not like the brand is packing its blazers into a bindle and hopping a freight train towards Californy. Still, Madison Avenue is looking awfully quiet right now.
· Juicy Couture Leaving Madison Avenue [WWD, subscription req'd]
· Now (Almost) Open: Juicy Buffs Its Gilded Flagship [Racked]