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BON-TON EXPANDS “CLOSE TO HOME” SHOPS OF LOCAL DESIGNERS; ROLLS OUT ONLINE SOURCING FAIR

In Industry News, Marketing, What's New by Lauren Parker, Accessories MagazineLeave a Comment

Bon-Ton Stores is keepin’ it local. The company, which operates Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers stores, is expanding its “Close to Home” initiative by adding in-store shops to at least 100 stores this year after a successful launch in 45 stores in fall 2016. Bon-Ton aims …

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WARBY PARKER’S BRICK AND MORTAR EXPANSION UNDERWAY, OPENING NEXT IN PHILA

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

This upcoming weekend, on Saturday, January 28th, Warby Parker will open its next physical location in Philadelphia’s Center City neighborhood in a handsome space that formerly housed Le Bec-Fin restaurant. The store is a two-story, 2,360 square foot and a “coming home” of sorts for the four founders—Neil Blumenthal, David …

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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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ACCESSORIES REPLACE HOME & GARDEN PRODUCTS AS TOP GIFTS IN 2016, ACCORDING TO LOOP COMMERCE

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

The numbers from last week are in, and accessories lead the way as the top gift purchased during the week of December 10th to December 16th, according to Loop Commerce’s gifting insights data. The category knocked home and garden products from the top spot as, the study notes, consumers are trending …

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

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

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 …