Racked.com reports that Banana Republic’s women’s store at 550 Broadway in SoHo Manhattan is shutting down. It will be consolidated with the men’s store just down the block at 528 Broadway, closed currently for “touch-ups” and reopening May 1, 2009. With the recession and on this expensive stretch of the district, it’s no surprise more of this will occur. “Could this also be the first stage in the – gasp – degentrification of SoHo?”
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