All tag results for 'expansion'
Located in Manhattan, the Macy's Herald Square location is the red star's mothership.
And business execs are willing to invest $400 million into its renovation, hoping to expand the department store's already massive shopping experience.
Beginning next Spring
Emilio Pucci has big plans for the United States.
The Italian luxury label announced this week they will be increase their presence in the US by opening in-store boutiques at Saks Fifth Avenue.
CEO Alessandra Carra said of the move:
"The U.S. market is excellent for Pucci, one of the markets that is growing the most, as it showed 20 percent gains year-to-date. We didn’t used to have shop-in-shops in department stores, as it was a conscious decision in the past to focus on building our boutiques, but we thought that with Saks, it was the right moment to change our strategy."
Carra added they'll be setting up even more in-store boutiques at other department stores as well.
[Image via Getty Images.]
While some retailers might still be hurting due to the poor economy, Prada has seen a jump in profits.
In fact, both Prada and Miu Miu helped Prada SpA earn a 74.2% jump in net profits as of July.
This year’s profits were at $256.7 million, while last year around the same time, profits were at $131.8 million.
Patrizio Bertelli, the company’s CEO, reveals:
"I am particularly satisfied with the results obtained in these six months, that confirm our expectations based on the Group's expansion strategy, which was presented to the investors during the road show leading to the IPO on the Hong Kong Stock Exchange.”
Because business is all rainbows and unicorns here in the States, American Apparel is expanding to highbrow department store in Europe.
American Apparel and highbrow? Those are two words that don't belong in the same sentence!
UK department store Selfridges plans to carry the overpriced generic clothing at six more stores in the next year and France's Galeries Lafayette is expected to do the same.
There's also a rumor that Bloomingdale's in the US will carry AA as well, but the deal has yet to be finalized.
As for why they're going the department store route, sources say it's "a way for the company to expand its business without spending a lot of capital".
Think it'll work???
[Image via AP Images.]
This is EXACTLY what we like to hear!
According to state census data just released, the number of gay and lesbian households in California have grown SIX times faster than those of heterosexual spouses between 2000 and 2010, climbing 36.2% as compared to the latter's 5.7%!
William Frey, a demographer with the Brookings Institution in Washington, attributes this to the growing acceptance of the LGBT community, and explains:
The Kardashians opened their New York boutique last year at 119 Spring Street which received quite a bit of negative reviews.
And for some reason, they now want to move to the Upper East Side.
While shopping on Monday at Alison Brettschneider's store 25 Park, Kourtney stated:
“Dash is doing so well, we are really looking to expand here.”
A rep for the ladies added:
"They are always looking to expand and always looking at retail spaces in different areas."
What do U think, should Dash expand?
[Image via WENN.]