Zara's First NYC Flagship Store to Close

Zara's 750 Lexington Ave. location in New York City will be closing its doors sometime this year, according to WWD. The flagship location first opened 30 years ago. There is also an ongoing legal dispute between the fashion retalier and its Lexington Ave. location landlords, International Plaza Associates. WWD reports that IPA launched a $15 million USD lawsuit against Zara for "improperly breaking a lease extension agreement." Instead of a lease extension from Zara, IPA received a notice that t...