Disney closing New York City flagship store
Aug 9, 2008

Disney has announced their decision not to renew the lease for the World of Disney store located on Fifth Avenue in New York City.

Citing substantial rent increases which would go into effect in 2010, Disney indicated that they are planning to relocate. According to spokesman John Nicoletti "The Disney Stores are going to be reviewing other potential locations in the Manhattan retail market."

Real Estate insiders are expecting Disney to focus on the Times Square area or SoHo which have a strong tourist market. Disney previously had a store in Times Square which is now a Champs outlet.