The Urban Outfitters that has been on the corner of 72nd street and Broadway for 15 years will be replaced by a Bloomingdale’s off-price outlet this summer. The company announced the news on Thursday.
“With 25,000 square feet on three levels, Bloomingdale’s Outlet on Broadway will offer a range of off-price apparel and accessories, including women’s ready-to-wear, men’s, children’s, women’s shoes, fashion accessories, jewelry, handbags and intimate apparel – all delivering a compelling combination of fashion, quality and value.”
“We look forward to serving this thriving and diverse neighborhood where so many shoppers are already well acquainted with the unique offering of Bloomingdale’s,” said Bloomingdale’s CEO Tony Spring.
It’s interesting that in an area that’s getting more upscale, Macy’s (which owns Bloomingdale’s) would open an off-price store. The company is probably trying to compete with the H&M’s of the world, offering clothes that will draw a younger crowd.
Bloomingdale’s signed a 15-year lease for the space, the Commercial Observer reported.
We reported a few weeks ago that the Urban Outfitters space was on the market, and its lease is up in July.