Retailer shifts occur on Madison Avenue

New York City -- A series of retailer moves on Madison Avenue has allowed for expansion and improved adjacencies in one of Manhattan’s luxury shopping meccas.

According to Prudential Douglas Elliman’s Retail Group, Italian luxury sportswear retailer Paul & Shark has opened in the Hartz Mountain Building at 667 Madison Avenue, replacing Michael Kors. In turn, Michael Kors will move to the current Steuben store and open a new flagship when the glassmaker departs the space.

The relocation of Paul & Shark into the dramatic double-height space represents a significant expansion for its New York store, which has been located on Madison Avenue at 66th Street. Moreover, the southward move along the Avenue positions the brand in an area known for its high concentration of men's luxury and designer fashion. The new store sits directly across from Barneys New York and Calvin Klein, and is close to DKNY and Bergdorf Goodman.

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