East Rutherford, N.J. — IT’SUGAR, known for its over-the-top sweets, giant candy and absurdly wonderful sugar creations, will open on December 14, 2019 at American Dream, a 3 million-square-foot entertainment/shopping/dining destination under development in East Rutherford, N.J. At three stories and over 22,000 square feet, IT’SUGAR American Dream will be the world’s first department store of candy. The one-of-a-kind IT’SUGAR store will greet visitors with a three-story tall Statue of Liberty replica covered in over 1.5 million Jelly Belly beans, symbolizing the freedom to treat yourself. Once inside, customers can …
retailers
Cincinnati — Phillips Edison & Company (PECO), an internally-managed real estate investment trust (REIT) and one of the nation’s largest owners and operators of grocery-anchored shopping centers, has released its insights on the top shopping center trends to watch in 2020 as part of ICSC’s New York Deal Making event. As experience continues to drive success, retailers are finding new and innovative ways to make it more fun to shop in-store. Moreover, the increasing demand for custom experiences is leading to a rise in the number of boutique specialty concepts …
Cincinnati — Macy’s, Inc. has announced that Hal Lawton, president of the Macy’s brand business, has resigned, effective December 6, 2019. He joined Macy’s as president in September 2017. “Hal has made significant contributions to the business over the past 2 years, including improving the Macy’s operational cadence. Hal also helped us build an excellent team and, with their leadership, I’m confident that Macy’s will continue strong execution through holiday 2019 and beyond,” says Jeff Gennette, chairman and chief executive officer of Macy’s, Inc. Macy’s, Inc. operates approximately 680 department …
Bradenton, Fla. — Bradenton, Fla.-based retailer Beall’s, Inc. has named Robert Matthews Beall III (Matt) as its next chief executive officer. He is the fourth in a succession of leaders from the Beall family that have guided the company for more than 100 years. Matt Beall is the great-grandson of Robert Matthews Beall, Sr., who founded the company in 1915. Egbert “ER” Beall, Matt’s grandfather, joined his dad in the business in 1940. After starting out as a store manager in 1970, Matt’s father, Robert M. Beall II (Bob), led …
Philadelphia — Unique Photo, New Jersey’s largest retail camera superstore and center for photography education, has opened its new superstore in the historic Old City District of Philadelphia. The new 9,600-square-foot location opened on November 29, 2019. Located at 28 South St., the superstore features four floors of retail space, a multi-media learning center, professional photo lab and studio space, along with all of the extensive photography services and educational programs that have made Unique Photo one of the leading photographic retailers and distributors in the United States. Additionally, the …
Cincinnati — The Yankee Candle Company Inc. unveiled a new store concept at its retail location within the Natick Mall outside of Boston on Black Friday. Designed by award-winning retail design firm FRCH NELSON, the new concept puts fragrance first and emphasizes who Yankee Candle is today, and what it wants to share with its customers. The space features a new merchandising strategy and an upgraded personalization station, complete with sensorial experiences, allowing customers to curate their own scent collection and enjoy a more immersive experience into the world of …
Plano, Texas — J. C. Penney Company, Inc. has hired Karl Walsh, an executive with more than 18 years of e-commerce expertise, as senior vice president, chief digital officer. Walsh will report to Shawn Gensch, executive vice president, chief customer officer. “We are thrilled to welcome Karl to JCPenney as we drive the renewal of our company and showcase our brand strategy through exceptional, seamless experiences for our customers,” says Gensch. “Nearly 90% of shoppers begin their path to purchase online, so Karl’s background of building and executing digital strategies …
Canton, Mass. — Destination XL Group, Inc., a leading omni-channel specialty retailer of men’s Big + Tall clothing and shoes, has added Ujjwal Dhoot to its team as chief digital officer, effective December 16, 2019. He will report to Erica Thompson, chief marketing officer. Prior to joining DXL, Dhoot held senior marketing positions with FSAstore.com, Charming Charlie and PetCareRx.com. At DXL, he will be responsible for all digital initiatives, including building the brand digitally, driving traffic to stores, mobile commerce, e-commerce, and the company’s overarching digital marketing strategy. “We are …
Miramar, Fla. — Konover South LLC, in partnership with Master Development Partners of Dania Beach, Fla., will break ground on its upscale 56,600-square-foot Miramar Park Place retail center in Miramar, Fla., west of Hollywood, in the first quarter of 2020. The center is slated to include a Flanigan’s Restaurant and Liquors, Pediatric Associates, a national coffee chain, plus neighborhood services when opened in the second quarter of 2021. “Konover South is excited to bring Miramar Park Place to this thriving community in partnership with Robert Shapiro and Terry Salzman of …
Paris and New York City — LVMH Moët Hennessy Louis Vuitton SE (LVMH), the world’s leading luxury group, and Tiffany & Co., the global luxury jeweler, have entered into a definitive agreement whereby LVMH will acquire Tiffany for $135 per share in cash, in a transaction with an equity value of approximately €14.7 billion or $16.2 billion. The transaction is expected to close in the middle of 2020. For more than 180 years, Tiffany has been synonymous with elegance, innovative design, fine craftsmanship and creative excellence. Founded in 1837 when …