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20 Jay Street, Dumbo, Brooklyn The Dumbo neighborhood is an established shopping destination, with an ABC Carpet & Home on the ground floor of this renovated warehouse.
David A. Rosenberg, an executive vice president of Robert K. Futterman, a retail leasing firm, said the mall was hurt by competition from an expanded Queens Center Mall and from the established shopping corridor on Austin Street in Forest Hills.
The northern part of the row has more than 30 restaurants as well as dozens of professional offices and independent stores that would be priced out of more established shopping districts.
Mr. Seligman said that for $80 to $100 a square foot, a retailer can rent space in an established shopping area and not have to wonder whether West 14th Street will develop as a daytime shopping destination, as it has as an evening eating and partying location.
"Linking the two established shopping centres by relocating the market is a positive move".
Expect other initiatives from both established shopping sites and more upstarts as things heat up.
Similar(51)
They range from established shops like London's White Cube and New York's David Zwirner to relative newcomers such as i8 in Reykjavik.
Over the 20-week period, sales rose 5% at established shops at airports and other travel centres, while high street sales were flat.
In another indication that the worst may be in the rear-view mirror, some well-known executives are taking the risk of opening agencies at a time when many established shops are struggling.
Strong sales of stationery, greetings cards and books helped lift sales across the group, including at established shops at hospitals, airports and at other travel hubs, as they rose 2% for the 20 weeks to 16 January.
In the 18 states that had legalized medical marijuana and established shops, researchers saw a 16-percent drop in opioid-related deaths and a 28-percent drop in opioid-related clinic admissions.
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