Daily business news in New York
IKEA, the Swedish home-furnishings chain, has opened its newest store in Queens in the Rego Center shopping mall. This store is the first in the U.S. with a new, smaller format, offering a full range of products across 115,000 square feet of space. Through inspiring room sets and digital tools focused on sustainable, small-space living […]
NEW YORK — UGG — maker of boots and clothing — has opened a new flagship store at 530 Fifth Avenue in New York City (on the corner of 45th Street). This new concept marks the first of its kind for the brand. UGG is a division of publicly-traded Decker Brands. The company says an additional fleet […]
Herman Miller, maker of high-end office chairs and furniture, announced it will open a store at The Shops at Hudson Yards in New York City on Friday, Nov. 20. This will be the second location for Herman Miller after a new store opens in Los Angeles today. (Photo above) The Herman Miller Stores are the first […]
Whole Foods, a division of Amazon, is now offering free, one-hour pickup at all U.S. locations for Amazon Prime members. Prime members can shop thousands of bestselling items including fresh produce, high-quality meat and seafood, holiday favorites, everyday staples, and other locally sourced items all available with free, one-hour pickup on orders of $35 or […]
NEW YORK — Harman, a subsidiary of Samsung Electronics Co, has opened its first JBL-branded retail store, and the second New York City location for HARMAN. Newly built in the SoHo neighborhood and located at 19 E. Houston Street (the corner of Houston and Crosby), the nearly 2,000 square foot-flagship space gives shoppers access to […]
Donut chain Krispy Kreme will open its long-awaited Times Square Flagship store next Tuesday, Sept. 15. The shop was originally scheduled to open in May but was pushed back due to the coronavirus. Located at 1601 Broadway (at West 48th St.) in Manhattan (photo above), the store will make the chain’s hot and fresh Original […]
NEW YORK — Whole Foods Market has opened its 14th location in New York City on the West Side of Manhattan in the Hudson Yards neighborhood. The 60,245 square-foot store is located at 450 W. 33rd St. Shoppers can enter the plaza at Manhattan West on Ninth Avenue between 31st and 33rd Streets, or enter the store […]
NEW YORK — Macy’s, Inc., the nation’s largest department store chain, says it’s fighting for survival due to store closures and the coronavirus pandemic. The company announced details of a restructuring that will trim its costs with lower sales as the business recovers from the closure of stores from March 18 through May 4, 2020 […]
NEW YORK — Modell’s Sporting Goods is resuming going-out-of-business sales at 107 of its remaining stores following coronavirus shutdowns. A joint venture of Tiger Capital Group, Great American Group and SB360 Capital Partners is conducting the sales on behalf of the New York-based retailer in accordance with state and local social distancing and sanitation guidelines. Founded in 1889, […]
Target, the nation’s second-largest chain of discount stores, announced it will permanently raise the starting employee wage to $15 beginning July 5th. The chain had promised to raise wages to $15 an hour by the end of 2020. On top of that, Target is giving front-line team members in stores and distribution centers a one-time […]