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Macy’s isn’t Playing AroundReaches agreement to launch FAO Schwarz toy shops in 685 locations
Macy's Inc. (Cincinnati) has signed an agreement with FAO Schwarz Inc. (New York) to open branded specialty toy shops in about 685 Macy's locations over the next two years. By this fall, Macy’s will launch 75 of the FAO Schwarz shops, b . . . » MORE |
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Lord & Taylor & Sarabeth’sRetailer to introduce trendy Manhattan eatery into its stores
Lord & Taylor LLC (New York) has entered into an agreement with Sbk Preserves Inc. (Bronx, N.Y.) to convert all restaurants at its stores to Sarabeth's Kitchen restaurants. The first will open in the fall in the New York flagship. Sarabeth&rs . . . » MORE |
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We Don’t Allow No Superstores HereDublin, Calif., council bans stores larger than 170,000 square feet
The city council of Dublin, Calif., has voted to ban retail establishments larger than 170,000 square feet that devote more than 10 percent of floor space to nontaxable grocery items. Membership stores, such as Costco, are exempt. According to the Co . . . » MORE |
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Tesco Buys South Korean Discount ChainPurchase is U.K. company’s largest acquisition
British retailer Tesco announced the company is buying South Korean discount chain Homever from Korean fashion retailer E-Land Group, according to an article in the Wall Street Journal. The article states that Tesco will pay $902 million for the comp . . . » MORE |
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Children's Place Exploring SaleCompany may go to former ceo
Children’s Place announced that the company’s board has granted a request from Ezra Dabah, the company's largest shareholder and former ceo, and Golden Gate Private Equity Inc. for approval under Delaware law to help them work togethe . . . » MORE |
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Express Sues Wal-Mart Over SloganSays discounter’s slogan infringes on trademark
Express, the New York-based specialty store chain, is suing Wal-Mart Stores Inc. for trademark infringement and unfair competition for its “Express for Less” ad campaign. A complaint filed in Manhattan federal court Monday states Wal-Mart . . . » MORE |
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Under Armour Opens Second StorePerformance apparel retailer coming to Aurora, Ill.
Under Armour Inc. (Baltimore) unveils a new 6000-square-foot store in the Fox Valley Mall in Aurora, Ill., tomorrow. The opening follows the November 2007 debut of the company’s first full-line retail store in Annapolis, Md. "Our retail st . . . » MORE |
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Barneys Searches for a New LeaderHoward Socol resigns from ceo post
After a week of speculation reports, Howard Socol has resigned as chairman, president and ceo of Barneys New York. According to DNR, Socol will remain with the company until the end of June. No successor has been named yet, while the luxury retailer . . . » MORE |
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Macy’s Announces First Quarter Sales DropWhile retailer's expansion plans call for new store openings in Southwest
Macy's Inc. (Cincinnati) reported sales in the first quarter totaled $5.7 billion, a decrease of 2.9 percent compared to sales of $5.9 billion in the same period last year. On a same-store basis, the department store retailer’s first quarte . . . » MORE |
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Abercrombie Continues European ExpansionCompany to open flagship in Copenhagen
Abercrombie & Fitch (New Albany, Ohio) announced today that it will open a new flagship at Kobmagergade 11, Copenhagen, Denmark in 2009. The location will be the company's second flagship in Europe, following its debut in London last year. Th . . . » MORE |
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