The storied chain has filed for Chapter 11 and is also seeking new ownership.
No official close date has yet been announced.
This could signal a strong recovery for the heritage brand.
Looting is a concern. But it’s not the only concern.
The luxury brands have laid claim to enormous new spaces that will add to their New York real estate portfolio.
The future of the beloved New York store remains largely clouded in mystery.
From exclusive sneakers to a bar where you can customize your laces, this space has a ton to offer guys who like shoes.
Declining foot traffic, high rent and online shopping are to blame.
It’ll have a Saks Fifth Avenue and a Watches of Switzerland, but most of the space is designed around theme parks and other destination-worthy experiences.