NEW YORK — Luxury watch maker Tourneau is celebrating the 20th anniversary of its flagship New York store, the Tourneau TimeMachine on 57th Street and Madison Avenue. Opened on June 26th, 1997, the Tourneau TimeMachine has become a destination for tourists, locals and watch enthusiasts, and is most famous for its exterior façade of clocks in …
Amazon, the Internet’s largest retailer, is getting into the physical supermarket business by agreeing to purchase Whole Foods Market for $42 per share or about $13.7 billion. Amazon is looking to expand into the grocery business and is paying all cash for the organic grocery chain, which has 460 stores in the U.S., Canada and …
Walmart, the world’s leading retailer, has agreed to buy NY-based Bonobos, for $310 million in cash. Bonobos is a manufacturer of men’s clothing available in 35 of its own retail stores, Nordstrom department stores and online. Following the closing of the deal, Andy Dunn, founder and CEO of Bonobos will report to Marc Lore, president …
The woes of retail can’t elude Michael Kors. The purveyor of luxury handbags and clothing reported sales down 11% in the fiscal fourth quarter for 2017 and plans to close as many as 125 of its boutiques in the next two years. For the fourth quarter ended April 1, 2017, Kors Inc. reported: Total revenue decreased …
NEW YORK — Saks Fifth Avenue has opened a new wellness shop at its flagship store in NY. The Wellery concept shop is the first-of-its-kind space where shoppers can find more than 16,000 square feet of immersive experiences dedicated to wellness. Located on the second floor of the company’s department store at 611 Fifth Avenue …
NEW YORK — Macy’s is collaborating with designer Cynthia Rowley for a new line of clothing available just for the summer in select department stores. CR by Cynthia Rowley is an exclusive new limited-time collection that taps into the cheerful and vivacious essence at the core of the celebrated designer’s eponymous brand. Officially available in …
NEW YORK — On the heels of last year’s successful Bridal Collection relaunch, high-end shoe maker Stuart Weitzman will bring its bridal shoes, previously available online only, to select regional boutiques this spring. The collection will debut exclusively at the Michigan Avenue in Chicago, Madison Avenue in NYC, Greenwich Avenue in Connecticut, Rodeo Drive in …
American watchmaker Shinola is celebrating the Grand Opening of its second NYC store on Saturday at 55 Water St. in Brooklyn. The company will be holding a block party at 49 Water St. this weekend to celebrate. The new location will be the Detroit-based watchmaker’s second in the city and first in Brooklyn. The store …
NEW YORK — Fashion retailer Ralph Lauren said it will close its Polo flagship store on 711 Fifth Avenue this year. The company plans to move Polo products into the Ralph Lauren Men’s and Women’s flagship stores on Madison Avenue and its downtown locations. The Company will continue to operate its seven additional store locations …
Payless ShoeSource, the largest family shoe retailer in the Western Hemisphere, has filed a voluntary petition for Chapter 11 bankruptcy. The company is based in Topeka, KS and has 4,400 stores in 30 countries. It plans to close up to 400 underperforming stores immediately and will release the list later Tuesday night. The Company’s North American …
Natuzzi, Italy’s largest furniture house, has opened its doors in The Design Center located off Route 17 North in Paramus, NJ. The 9,000 square-foot store is the company’s largest in the u.S. The new location and format features the entire Natuzzi Italia range of furniture and accessories including the newly launched motion sofas and dining …
NEW YORK — Macy’s, Inc. has inked a deal with G-III Apparel Group to be the exclusive U.S. department store for sales of DKNY women’s apparel and accessories. The agreement begins next year on February 2018. Under the agreement, Macy’s exclusivity covers DKNY women’s apparel, handbags and shoes, in addition to women’s and men’s outerwear and swim, which …
NEW YORK — Lord & Taylor has launched The Dress Address — which it calls the largest dress destination in NY — at its Fifth Avenue flagship store at 424 Fifth Avenue. Spanning over 30,000 square feet, the fifth floor of the New York City store has been transformed and renovated to accommodate an expanded assortment …
Macy’s, the nation’s largest department store chain, has a new Chief Executive Officer. Jeff Gennette was voted unanimously by Macy’s Board of Directors as the new CEO. He has been President of the company since 2014. Gennette succeeds Terry Lundgren, who will continue as Macy’s executive chairman. Macy’s operates over 700 department stores under the …