Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.
The last few weeks have presented a lot of plans from department store retailers to make major upgrades, expansions, and additions to their Manhattan flagships. Bergdorf Goodman has a 40-part renovation planned, Saks Fifth Avenue is giving their private label men's brands tons of dedicated space, and Macy's is dropping serious cash to overhaul their Herald Square store. Lord & Taylor recently announced plans for a new luxury division, but apparently they have more in store for their Fifth Avenue flagship.
For starters, a two-level, 100,000-square-foot men's store is slated for a September opening at the department store. The upgrade—double the space currently dedicated to guys—will take over the ninth and tenth floors of the flagship. There is also a two-year, $40 million renovation planned for several other floors of the department store. This comes after a $25 million "touch up," mostly centered on a main floor reworking. Shopping Fifth Avenue should be a little more glittery by the holiday season.
· Hudson's Bay Amps Up Spending for Growth [WWD]
· Men's Shopping on the UES Gets Upgraded One Store at a Time [Racked NY]
· There's a New 'Room' Coming to Lord & Taylor This Fall [Racked NY]