That address used to be occupied by Fendi, an Italian luxury brand. This location of Manhattan is full of prestigious brands; where the next door neighbor would be Tommy Hilfiger, whereas you will be able to find Rolex, Prada and Abercrombie & Fitch all nearby. Not only that, it is also rather close to “enemy” territory, that is, a mere five blocks away from Apple’s Fifth Avenue Store.
Renovations continue to happen now that Fendi has now left the building and Microsoft making its move in establishing a presence. Microsoft SharePoint MVP Gokan Ozcifci also tweeted, “New #Microsoft store opening Fall 2015. 5th Avenue New York.” not too long ago. Do you think that such a physical presence would go a long way in bringing up your brand’s status, never mind that you are bleeding money in a sense?