Nike Inc. has signed a 15-year lease covering seven floors and 69,214 square feet at 650 Fifth Avenue in Manhattan, according to SL Green Realty Corp. and its partner Jeff Sutton, which announced the lease signing on Thursday.The lease comprises the building's entire retail component.Jeff Nichols, vice president of Nike's Direct to Consumer business in North America, said, "We...look forward to continuing to bring consumers the very best of Nike in another new, unique brand experience store."Situated at West 52nd Street, 650 Fifth Avenue is a 36-story office building in the heart of the Plaza District.Last month, Nike opened the doors to a new SoHo store. The five-story, 55,000-square-foot space at 529 Broadway is a multisport emporium with spaces devoted to running, basketball and soccer.Nike SoHo represents what the company is calling “the Future of Sport Retail” to which active experience, or the ability to test-drive products in the store, and customer service are the top priorities.“We do look at the store as our global debut of the Future of Sport Retail,” said Heidi O’Neill, Nike’s president of global direct to consumer. “But it’s been informed by everything we’ve done in the past.”That was Nike’s sixth store in New York, making the future Fifth Avenue site the seventh. Its 57th Street Niketown location just celebrated its 20th anniversary today. Nike last quarter reported double-digit growth in the direct-to-consumer sector, representing 27 percent of total Nike brand revenue. For fiscal-year 2016, Nike’s direct to consumer business accounted for $7.9 billion.Timed to the SoHo store opening is a new campaign titled NY Made, promoting Nike and New York with an outdoor and digital marketing campaign featuring Odell Beckham Jr., Victor Cruz, Serena Williams, Nas and Bella Hadid.Fifth Avenue has become a hot spot for new activewear retailing with a megastore opened this week by Adidas, while Under Armour has inked a deal to open what it says will be “the single greatest retail store in the world” on the site of the former FAO Schwarz on Fifth Avenue and 58th Street sometime after 2018. Asics also is due to open a store on Fifth Avenue next spring.SL Green Realty Corp., an S&P 500 company, holds interests in 125 Manhattan buildings totaling 46.6 million square feet.
Leading luxury brand are shaking things up to keep up with streetwear. Case in point: the arrival of @mrkimjones as artistic director of @diorhomme. Jones, who succeeds @Kris_Van_Assche, is seen as one of the handful of designers who can actually straddle the luxury and streetwear worlds — which could lead to even more changes at established brands. What could this mean for the rest of the menswear landscape? Head to WWD.com to find out what experts predict #wwdfashion (📷: @franckmura)
“It’s like buying groceries. You’re going to buy the best mango, the best mozzarella, the best things. You have to, or others are going to take it all,” said @gabrielahearst on why she uses only the finest fabrics. Last week, Hearst received her first @cfda nomination for Womenswear Designer of the Year, and earlier this month she opened a permanent showroom in Paris. To read @jessiredale’s interview with the designer and find out why this is shaping up to be a big year for her, head to WWD.com. #wwdfashion (📷: @francoisgoize)
“It’s an interesting thing, playing a younger version of your mother. It’s an interesting concept. I adore my mom and love her in every capacity, but it was just something that had never crossed my mind,” says @anniemstarke on playing a young Joan Castleman in “The Wife.” The same role will be played by her mother Glenn Close. Read more about her growing up in the film industry as the daughter of producer John H. Starke and Close and what she has planned for the future #wwdeye (📷: @nataliamantini)
@asics is launching a new streetwear sneaker inspired by its latest ambassador, @steveaoki. The Hyper-Kenzen x Aoki, which will launch at @footlocker stores exclusively tomorrow, is a slip-on style that incorporates the brand’s proprietary Gel technology through beads integrated into the midsole for comfort and endurance. Read the full story on WWD.com.
@beyonce chose a custom gown by @falgunishanepeacockindia for mother @mstinalawson 's second annual Wearable Art Gala last night. The gown, which took 10 days to make, was inspired by Nubian warrior queen Amanishakheto. Reporting by @hernameislex . #wwdeye 👑 🐝#beyonce
After dressing @justintimberlake for his Super Bowl halftime performance last month, @stellamccartney has designed the star’s "Man of the Woods" tour wardrobe. Timberlake will be wearing a mix of pieces from McCartney’s fall men's collection as well as custom designs and items from his own closet. #wwdfashion