Can Luxury Retail Attract a New Generation of Shoppers?
In spring 2019, Saks Fifth Avenue unveiled a lavish, much-publicized $250 million renovation of its iconic Manhattan store. Meanwhile, Seattle-based luxury retailer Nordstrom — which had already staked a claim in New York City with its Nordstrom Rack and Nordstrom Local stores — just threw down the gauntlet with its first-ever New York flagship. The new store occupies a full seven floors of the tallest residential building in the western hemisphere, according to CNBC.com, at the posh address of
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