• New York Post, Thursday, October 27, 2011 10:50 AM

Walmart is moving out of New York. No, the company still plans to open a big box here, but it is closing its fashion office, ceding its fashion ambitions to Target.  The company is closing a high-rent fashion-design and buying office it opened in Midtown just two years ago. The apparel office, located at 1372 Broadway between 38th and 39th streets, housed about 275 employees.

“We’re getting back to the basics of our business,” Andy Barron, executive vice president of Walmart’s U.S. clothing business, wrote in an internal memo. The retail giant has written off a failed bid to penetrate “the center of the fashion industry,” Barron wrote. However, “this decision has no bearing on our interest in opening stores in New York City,” a spokesman said yesterday.

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