Consumer
Old Navy to Open New Store in Biggest NYC Retail Lease of 2025
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Old Navy, Gap Inc.’s biggest brand, struck a deal for a new 55,000-square-foot (5,110-square-meter) flagship store in Herald Square, the top retail lease in New York City so far this year, according to research from real estate brokerage Newmark Group Inc., which advised on the brand’s deal.
Located in a key Midtown shopping district, the new location will be steps away from the Macy’s Inc. Herald Square department store that serves as the backdrop to the Macy’s Thanksgiving Day Parade.