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.
On Wednesday afternoon, hammer-wielding thieves made off with up to 16 Cartier watches totaling $700,000 in value from the upscale brand's Fifth Avenue flagship store—in the middle of the day, no less. The New York Times is reporting that a gang of five men smashed open a glass display case at 12:30pm and were able to evade security guards and flee.
As of Thursday night, investigators were still reviewing the store's security footage to identify the robbers.
Update: The New York Post reports that two suspects have been arrested. "Allen Williams, 35, of Park Avenue in Brooklyn was charged with robbery and criminal possession of stolen property. The second suspect, Roberto Grant, 33, of Grafton street in Brooklyn was charged with robbery."
· Thieves Steal $700,000 in Watches From Cartier [NYT]
· Fourteen Luxury Stores for the Ultimate Shopping Spree [Racked NY]
· Shop Like It's 1937: Ten Historic New York City Stores [Racked NY]