New York, NY (CNS) – New York’s Madison Avenue has always been the one-stop shopping destination for the trčs chic. However, in recent months, it looks like it’s felt the effects of the economy like everywhere else and stores like Allegra Hicks, Krizie, and Alessandro Dell’Acqua have gone the way of Circuit City. Now it appears some new owners are looking to vacate the empty spots on Madison Avenue, including new stores from fashion designers Jil Sander and Nanette Lepore.
The Jil Sander store will be moving into 818 Madison Avenue, after a temporary location at 1042 Madison and the shuttering of its flagship on 5th and Madison. The new space will serve as the fashion house’s second location in New York. Nanette Lepore is planning to move into its second New York location in May on Madison Avenue and 75th Street.
Although some spots have been vacant for a year and more are likely on the way out, it’s not all gloom and doom for the New York shopping mecca. Brazilian jeweler Jack Vartanian just opened its first U.S. flagship store at The Mark on 996 Madison Avenue, while London jeweler Solange Azagury-Partridge opened up last week on 809 Madison Avenue.
“We signed the lease before everything went wonky,” Azagury-Partridge told the New York Times. “It’s unfortunate, but we’ll carry on regardless. You can’t make concessions. You just have to bulldoze through and hope for the best.”