Madison Avenue's new luxury look

New York media are crowing about the retail rebirth on Madison Avenue, according to the New York Times. The local Business Improvement District say that at least 60 new retailers—most of them high-end and many of them luxury brands—have opened on the avenue's northern strip since January 2010. As the cognoscenti will recall, Joe Fresh, the Canadian retailer has recently opened on Madison as well. Wall Street Journal.