Lululemon Athletica Inc. is in advanced talks for a one-year lease at a store on Manhattan’s Fifth Avenue, helping to fill space in an area that has recently been plagued by retail vacancies, according to three people with knowledge of the matter.
The active-wear maker is taking 8,000 square feet (743 square meters) at 597 Fifth Ave., across the street from Rockefeller Center at East 48th Street, said the people, who asked not to identified because they weren’t authorized to speak publicly. The space was vacated in March by Sephora, which has moved to another location on the east side of Fifth Avenue.
