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Is American Retail at a Historic Tipping Point?


The profound reordering of New York’s shopping scene reflects a broad restructuring in the American retail industry.

The current torrent of closures comes as consumer confidence is strong and unemployment is low, suggesting that a permanent restructuring is underway, rather than a dip in the normal business cycle. In short, traditional retail may never recover.

For all its high-end retail renown, SoHo is also home to dozens of industries from manufacturing goods to storing things you can’t bear to part with to eating an egg emulsion on top of several other eggs.

It will be interesting to follow along as various industries take a stab at the top position in the area.

Just think, in 1986 Donald Judd bought a whole building in SoHo for well under $100k.