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SOHO—The second round of Uniqlo's collaboration with LA brand Velvet by Graham & Spencer hits stores tomorrow. We were a little underwhelmed by round one, but this time around the collection consists of six cashmere sweaters, each for under $150. And since cheap cashmere is what Uniqlo does best, we're still holding out hope for this one. [RackedWire; Previously]
TIMES SQUARE—Oakley just signed a massive lease for a location at 1515 Broadway, according to the Observer. At $1,400 a square foot, the deal might break area records; one expert even sees this as a sign that Times Square is catching up to Fifth Avenue, its classier neighbor to the east. [NYO]