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Article: THE NEW FACE OF FIFTH: POPULIST MOVEMENT HITS LUXE STREET OF RETAILERS.(clothing stores on Fifth Avenue, New York)
- Article from:
- WWD
- Article date:
- August 19, 2004
- Author:
CopyrightCOPYRIGHT 2004 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Sharon Edelson
NEW YORK -- Gucci, Tiffany and Prada, say hello to your new neighbors: Abercrombie & Fitch, Zara and possibly Mango.
The purveyors of fast fashion and jeans and tops to the 18- to 22-year-old crowd are the latest (relatively) low-priced retailers to muscle their way onto Fifth Avenue, a street better known for its luxury brands.
When A&F opens next year at 720 Fifth Avenue, the thoroughfare stands to lose Fendi, one of its longtime luxe tenants. "We'll definitely maintain a presence in New York," said a Fendi spokeswoman, but she declined to say where.
For A&F, meanwhile, the address is a coup.
"We ...