New York City — Luxury jeweler Tiffany & Co. has unveiled plans for the redevelopment of the upper floors of its flagship store at 727 5th Ave. in Manhattan. The top three floors of the 10-story building will be converted from office space into a new exhibition and event space surrounded by a curtain of glass complementing the limestone façade below. That space was originally completed in 1980, and the building itself was originally constructed in 1940. Tiffany has partnered with The Office of Metropolitan Architecture on the project, which …
retailers
Minneapolis — Target reported a 24.3% increase in total digital and in-store sales for the second quarter compared with the same period a year ago, the highest quarterly growth in the Minneapolis-based discount retailer’s history. Same-store sales grew by 10.9% during the quarter, while digital sales experienced a whopping 195% growth year over year. CNBC reports that during a call with reporters, Target CEO Brian Cornell stated that the volume of sales fulfilled by the company’s curbside pickup program grew by more than 70%, and that the company’s digital customer …
Manhattan Beach, Calif. — Skechers is donating 1 million masks to essential workers and communities in need. Skechers is partnering with the United Way of Greater Los Angeles and more charities across the country to deliver the masks directly to those who will most benefit. The 1 million masks, which are non-medical, triple-layer surgical style, will be donated to non-profit organizations that typically do not receive PPE from government institutions, with a focus on economic hardship. This includes community and public education centers, health and rehab outreach facilities, plus homeless …
London — The rock ‘n’ roll legends that are the Rolling Stones will open a world-first flagship store, ‘RS No. 9 Carnaby,’ at 9 Carnaby St. in London’s Soho, the historic London destination that is synonymous for its connection to British music and fashion culture since the 1960s. The new store, created in partnership with Bravado, Universal Music Group’s merchandise and brand management company, will feature all the hallmarks of the iconic band and include exclusive new fashion and merchandise under the ‘RS No. 9 Carnaby’ brand available in-store and …
Atlanta — Edible®, a leading gift and treat destination, is reflecting on a record-breaking 6 months. A resilient and essential business, the brand has signed a total of 37 new franchise agreements since January. Now, with a larger franchise development team in place, Edible is aiming for its next ambitious growth goal: to sign 80 to 100 new franchise agreements in the U.S. and to find new franchisees for five international countries between now and the end of the year. “We have an entrepreneurial and experienced management team in place …
New York City — Rent the Runway, a New York City-based online service that provides rentals of designer clothes and accessories, will close its stores around the country in order to focus on building its digital platform, according to reports from CNBC and The Wall Street Journal. The New York City-based company will close its stores in Los Angeles, Chicago, San Francisco and Washington, D.C., while its flagship store in New York City will be converted into a permanent drop-off site for product distribution. CNBC reports that the company intends …
East Hanover, N.J. — To celebrate 35 years of fun and flavor, the SOUR PATCH KIDS® brand is opening its first-ever SOUR PATCH KIDS store in New York City, nestled between New York University’s Washington Square campus and SoHo at Bond Street and Broadway. “We created this new experience for our fans to engage with the SOUR PATCH KIDS brand on a whole new level, but of course understand that these are uncertain times,” says Danielle Freid, brand manager of SOUR PATCH KIDS. “With this store as our new permanent …
Jacksonville, Fla. — Discount retailer Stein Mart Inc. has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Middle District of Florida. The motion is an effort to maintain operations, including “the payment of employee wages and benefits without interruption, payment of suppliers and vendors in the normal course of business and the use of cash collateral.” Jacksonville, Fla.-based Stein Mart expects to close a significant portion, if not all, of its brick-and-mortar stores. The company has launched a store closing and liquidation process but will …
Walton, Ky. — Dollar General has unveiled plans to open a 630,000-square-foot distribution facility in Walton, Ky., approximately 20 miles south of Cincinnati and the Ohio border. The $65 million investment is expected to bring 250 jobs to the city and support 800 stores. The Walton facility will serve as Dollar General’s 18th distribution center. Construction is scheduled to begin in September with operations to begin in January. Dollar General also plans to build three additional DG Fresh facilities to support a shift toward self-distribution of products that require cold …
Pittsburgh — Dick’s Sporting Goods plans to open 11 stores in nine states by the end of August. The Pittsburgh-based retailer will open stores in Hyannis and Brockton, Mass.; Deptford, N.J.; and Midland, Texas. It will also open a Dick’s Sporting Goods and Golf Galaxy location in Atlanta. Dick’s Sporting Goods Warehouse locations will open in Orland Park, Ill.; Englewood, Colo.; Fairfax, Va.; Amherst, N.Y.; and Brockton, Mass. A new Overtime by Dick’s Sporting Goods outlet will open in Tempe, Ariz. Following the store openings, Dick’s will have 729 Dick’s …