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Retail Datapoints Of The Day

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by Felix Salmon
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What's Driving Fannie and Freddie   Blurb Whore of the Day

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Aug 20 2008 12:44pm EDT

Retail Datapoints of the Day

Prime Fifth Avenue retail rents, per square foot, in 2000: $675

Prime Fifth Avenue retail rents, per square foot, in 2007: $1,500

Prime Fifth Avenue retail rents, per square foot, in 2008: $2,500

Square footage of the Saks Fifth Avenue flagship: 350,000

How much the Saks flagship would rent out for, annually, at $2,000 per square foot: $700 million

Year-on-year change in the Saks Inc share price: -44%

Market capitalization of Saks Inc: $1.4 billion

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