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HOLIDAY SALES SOARED AT AMAZON RESULTING IN ITS BEST-EVER SELLING SEASON

In Retail News, What's New by Christine GalassoLeave a Comment

Amazon is reporting that holiday 2016 was its best-ever selling season, shipping more than one billion items worldwide. The company points to consumer convenience initiatives like Amazon Dash, which allows shoppers to “skip the trip” to brick and mortar locations, among the top reasons for its banner year. Amazon Prime services …

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LAST-MINUTE CHRISTMAS EVE SALES EXPECTED TO PASS SUPER SATURDAY AND THANKSGIVING WEEKEND

In Retail News, What's New by Christine GalassoLeave a Comment

The holiday shopping season isn’t over yet. The International Council of Shopping Centers (ICSC) is predicting that more last-minute shoppers are planning to hit stores tomorrow (Christmas Eve) than last weekend’s record-breaking Super Saturday and over Thanksgiving weekend. Its latest study found that 20% of adults plan to shop for holiday gifts or …

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OFF-PRICE RETAILER GABRIEL BROTHERS GETS ACQUIRED BY PRIVATE EQUITY FIRM WARBURG PINCUS

In Retail News, What's New by Christine GalassoLeave a Comment

Warburg Pincus, the global private equity firm, is in as off-price retailer Gabriel Brothers, Inc.‘s (Gabe’s) new owners and current majority owner Alvarez & Marsal Capital is out, exiting its majority stake in the business. Warburg Pincus has agreed to acquire Gabe’s, although specific terms of the transaction were not disclosed. …

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HUDSON YARDS ANNOUNCES A ROSTER OF NEW TENANTS, NOW 60% LEASED

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Hudson Yards, the 8.5 million square foot residential, commercial and retail space in Manhattan’s Far West Side neighborhood, has broken another milestone. The retail development has signed on AG Jeans, Banana Republic, Athleta, Aritzia, MAC Cosmetics, Jo Malone, Kiehl’s, NYX Cosmetics, Sephora, The Body Shop, Origins and Urban Decay to open at …

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ADIDAS BY STELLA MCCARTNEY DROPS ITS NEWEST CAMPAIGN STARRING CARMEN JORDA

In Marketing, What's New by Christine GalassoLeave a Comment

Adidas by Stella McCartney has a new face: Carmen Jorda, a world reknown F1 development driver whose dynamic and fast-paced lifestyle fits in with the brand’s groundbreaking DNA. When the sneaker and fashion brands first teamed up six years ago, way ahead of the athleisure trend, combining style with technologically-advanced sportswear …