Domestic Rollout of ESPRIT Stores Starts in NY

NEW YORK CITY-Manhattan will be the first market tapped for the 2004 rollout of ESPRIT apparel and accessories stores. The company expects to open six or seven 4,500 to 5,000 sf stores in the New York Tri-state area as the beginning of its national campaign to relaunch the brand in the US. Madison HGCD, will serve as the exclusive broker and real estate consultant for the retailer.

ESPRIT has operations on several continents and is active in Europe and the Far East with its only North American stores located in Canada. The company maintains an active wholesaling business, selling through Macy’s and other department stores. Those arrangements will not be affected by the opening of retail stores.

ESPRIT plans to open two stores in Manhattan, three in the New York Metropolitan area–potential locations in New Jersey, Westchester and Connecticut will be scouted–a lifestyle/village store and an outlet center.