Aritzia opens flagship store on Chicago's Magnificent Mile this Saturday

Aritzia will open its new flagship store on Chicago's Magnificent Mile this Saturday at 555 N. Michigan Ave., a space that has been vacant since The Gap closed in January 2021. This two-story location is Aritzia's largest in the Midwest. The opening follows a series of new retail leases in the area, including H&M last month. The Magnificent Mile has seen a decline in retailers during the pandemic, but recent developments suggest a potential recovery. The district's vacancy rate has decreased from a historic high of 30% to about 26%. Aritzia's renovation of the 1920 building includes a marquee canopy and a customer lounge, aiming to attract shoppers back to the area.