Content about New York metropolitan area

June 13, 2014

The Children’s Place Inc. has named Susan Sobbott to the board of directors as a Class II director to serve for a three-year term expiring in 2017.

Secaucus, N.J. — The Children’s Place Inc. has named Susan Sobbott to the board of directors as a Class II director to serve for a three-year term expiring in 2017. Sobbott currently holds the position of president of Global Corporate Payments, a global division of the American Express Company. From 2004 to early 2014, she was President and General Manager of American Express Open. The addition of Sobbott expands the company's board of directors to eight.

May 30, 2014

Advance Auto Parts has signed an 11,382-sq.-ft. lease at Oak Park Commons in South Plainfield, New Jersey, bringing the center’s occupancy rate up to 95%.

South Plainfield, N.J. — Advance Auto Parts has signed an 11,382-sq.-ft. lease at Oak Park Commons in South Plainfield, New Jersey, bringing the center’s occupancy rate up to 95%. Charter Realty & Development co-brokered the transaction with NJ Commercial Realty.

The auto parts retailer will be joining Dollar Tree, A&P, McDonalds, CVS, Subway, GNC, Wells Fargo, Goodyear, RadioShack, and H & R Block.

November 6, 2013

Red Robin Gourmet Burgers has announced that it will open two new restaurants, one in Secaucus, N.J., and another in the Cincinnati metro area.

Greenwood Village, Colo. — Red Robin Gourmet Burgers has announced that it will open two new restaurants, one in Secaucus, N.J., and another in the Cincinnati metro area. To help celebrate the grand opening of the new restaurants, the company will donate the proceeds of all sales of its signature Freckled Lemonade during the two restaurants’ first week of operation to Alex’s Lemonade Stand Foundation, a non-profit organization dedicated to finding cures for kids with cancer.

February 15, 2013

Saks Inc. announced that it plans to close its Saks Fifth Avenue store located in Stamford Town Center in Stamford, Conn., in early 2014.

New York -- Saks Inc. announced Friday that it plans to close its Saks Fifth Avenue store located in Stamford Town Center in Stamford, Conn., in early 2014.

The shuttering is part of the department store chain’s continued right-sizing strategy. “We routinely evaluate the productivity, profitability, and potential of each of our store locations,” said Steve Sadove, CEO. “This planned closing is consistent with our strategy of utilizing our resources in our most productive Saks Fifth Avenue stores.”

November 1, 2012

Inserra Supermarkets has been granted final site plan approval for the renovation and expansion of West Milford Shopping Center, which includes a 65,925-sq.-ft. ShopRite.

West Milford, N.J. -- Inserra Supermarkets has been granted final site plan approval for the renovation and expansion of West Milford Shopping Center, which includes a 65,925-sq.-ft. ShopRite.

The 100,000+-sq.-ft. retail center’s tenant roster includes Wells Fargo Bank, Rite Aid, Frank’s Pizza and Just a Buck, and adjoins a free-standing McDonald’s restaurant.

October 10, 2012

Toys “R” Us and Macy’s announced that the pair will team on a Toys “R” Us Express-branded in-store program slated to open in 24 Macy’s stores during the holiday selling season.

Wayne, N.J. -- Toys “R” Us and Macy’s announced Wednesday that the pair will team on a Toys “R” Us Express-branded in-store program slated to open in 24 Macy’s stores during the holiday selling season.

Beginning mid-October and running through mid-January, the holiday temp departments will operate on a leased basis, will average about 1,500 sq. ft. each and will offer an edited selection of the Toys “R” Us product assortment.

May 23, 2012

Macy's Inc. will start selling some of its private brand merchandise directly to shoppers in China through a deal with an online retailer there.

Cincinnati -- Macy's Inc. will start selling some of its private brand merchandise directly to shoppers in China through a deal with an online retailer there.

The chain said it will the goods through a Macy’s section on Omei.com, a newly established China-based online retailer of in-season luxury and fashion brands operated by VIPStore Co., a Chinese e-commerce firm and parent company of Omei.com

March 12, 2012

Macy’s started work on the four-year renovation of its Herald Square flagship in New York City.

New York -- Macy’s on Monday started work on the four-year renovation of its Herald Square flagship in New York City. In the first phase, the retailer is making over its shoe department into what it says will be the “world’s largest shoe floor,” with 300,000 pairs of shoes stepping into a new 63,000 -sq.-ft. space (retail and stock).

February 2, 2012

The nation’s discount chains reported solid results for January, with Target Corp., TJX Cos., and Costco Wholesale Corp. all reporting gains above expectations.

New York City -- The nation’s discount chains reported solid results for January, with Target Corp., TJX Cos., and Costco Wholesale Corp. all reporting gains above expectations. Overall, discounters reported stronger results than department stores, which appeared to take a greater hit due to the unseasonably warm weather and heavy promotions.

As the first month of the year, January accounts for only 20% November-January sales, and 7% of annual sales, according to RetailMetrics.

December 20, 2011

New York City’s retail maven, Faith Hope Consolo, chairman of Prudential Douglas Elliman’s Retail Leasing, Marketing & Sales Division, has put together a list of her favorite store makeovers of the past year.

New York City -- It’s true: Everything old is new again. New York City’s retail maven, Faith Hope Consolo, chairman, The Retail Group, Prudential Douglas Elliman Real Estate, New York, has put together a list of her favorite store makeovers of the past year. As Consolo notes, even the most iconic stores must constantly present a new, fresh face to keep shoppers coming. Here are her faves:

December 2, 2011

Prudential Douglas Elliman's Retail Group said it has arranged the first New York flagship for Perrin Paris at the Carlyle Hotel on Madison Avenue between 76th- and 77th Streets.

New York City -- Prudential Douglas Elliman's Retail Group said it has arranged the first New York flagship for Perrin Paris at the Carlyle Hotel on Madison Avenue between 76th- and 77th Streets.

The House of Perrin is renowned for its elegant and timeless leather gloves, handbags and accessories, often composed of such unique and exotic skins as crocodile, python and more. Neighboring boutiques in the Carlyle Hotel include Vera Wang, Stubb & Wootton and Yves Delorme Linens.
 

November 11, 2011

Grosvenor Americas said that its mixed-use building at 180 Post Street just off San Francisco’s Union Square will soon be home to Icebreaker, which will sell its exclusive line of merino wool adventure apparel in a new 1,500-sq.-ft. store.

San Francisco -- Grosvenor Americas said that its mixed-use building at 180 Post Street just off San Francisco’s Union Square will soon be home to Icebreaker, which will sell its exclusive line of merino wool adventure apparel in a new 1,500-sq.-ft. store.

The new store is slated to open on Nov. 21, and by March 2012 the New Zealand- based retailer will complete the store’s conversion to a “TouchLab” that enables customers to touch raw merino fibers.

November 1, 2011

Macy’s announced it plans to spend about $400 million over the next four years to remodel and update its legendary store at Herald Square in Manhattan.

New York City -- Macy’s announced it plans to spend about $400 million over the next four years to remodel and update its legendary store at Herald Square in Manhattan.

As part of the project, the store’s space will be expanded by 100,000-sq.-ft., giving it a total of 1.2 million sq. ft. of selling space. The additional space will result from opening up space currently used for stock and offices and extending the mezzanine level in the Broadway Building.

October 27, 2011

Prudential Douglas Elliman's Retail Group said Wednesday it has a arranged a long-term lease for The Harlem Wine Gallery at 752 Saint Nicholas Avenue, between 147th and 148th Streets in New York City.

New York City -- Prudential Douglas Elliman's Retail Group said Wednesday it has a arranged a long-term lease for The Harlem Wine Gallery at 752 Saint Nicholas Avenue, between 147th and 148th Streets in New York City.

The transaction is the second wine and spirit shop that the team has arranged on the corridor in recent months, following Unity Wines & Spirits at 704 Saint Nicholas Avenue.
 
 

October 20, 2011

Winick Realty Group said Tuesday that fast-food operator Roll N Go has leased its third location at 386 Canal Street, on the corner of West Broadway.

New York City -- Winick Realty Group said Tuesday that fast-food operator Roll N Go has leased its third location at 386 Canal Street, on the corner of West Broadway.

The 300-sq.-ft. space features 20 ft. of frontage on Canal St. and will be used for both take-out and counter seating.
 

September 20, 2011

Five Guys Burgers and Fries said Monday is has opened a new location at Sky View Center, located in Flushing, N.Y.

Flushing, N.Y. -- Five Guys Burgers and Fries said Monday is has opened a new location at Sky View Center, located in Flushing, N.Y.

The upscale fast-food chain has opened a 2,000-sq.-ft. location on level B of the 800,000-sq.-ft. regional mall, and is one of 200 new franchises opening in 2011 for the chain.

September 7, 2011

The Falls, one of Florida’s largest open-air, retail and entertainment destinations featuring Bloomingdale's and Macy's, along with more than 95 stores and restaurants, is rolling out a new retail roster that will include several new stores and dining venues.

The Falls, one of Florida’s largest open-air, retail and entertainment destinations featuring Bloomingdale's and Macy's, along with more than 95 stores and restaurants, is rolling out a new retail roster that will include several new stores and dining venues.

The retail surge at The Falls, opening in different phases as of fall 2011, will coincide with numerous exterior upgrades including new entrances and signage, along with interior enhancements featuring a contemporary and chic color palette and new soft seating areas.

September 1, 2011

Terry Lundgren, CEO of Macy’s, has been appointed to the Federal Reserve Bank of New York board of directors.

New York City -- Terry Lundgren, CEO of Macy’s, has been appointed to the Federal Reserve Bank of New York board of directors.

Lundgren was appointed a class B director starting Aug. 31 for the unexpired porting of a three-year term ending Dec. 11, serving the remainder of GE CEO Jeffrey Immelt’s CEO term.
 

June 8, 2011

Winick Realty Group LLC said that luxury luggage retailer Mitsosa Group has leased its second Manhattan location at 40 East 55th Street, between Fifth and Sixth Avenues.

New York City -- Winick Realty Group LLC said that luxury luggage retailer Mitsosa Group has leased its second Manhattan location at 40 East 55th Street, between Fifth and Sixth Avenues.

The 1,150-sq.-ft. store is expected to open in late summer or early fall, and will feature 35 feet of frontage on 55th Street.

According to Winick, the retailer is looking at other tourist-driven areas throughout Manhattan with plans to open three stores within the next 18 months.

June 6, 2011

Manhattan Associates was honored as the "Best Third Party Provider" at the Voluntary Interindustry Commerce Solutions Association Awards, for its strategic thinking and leadership that has resulted in high-impact supply chain practices and partnerships.

Atlanta -- Manhattan Associates was honored as the "Best Third Party Provider" at the Voluntary Interindustry Commerce Solutions Association Awards, for its strategic thinking and leadership that has resulted in high-impact supply chain practices and partnerships. Manhattan was selected based on its partnership with Macy's, providing solutions from the Manhattan SCOPE solution suite that have supported the growth of the leading retailer's direct-to-consumer business.

May 11, 2011

Macy’s first-quarter earnings soared and easily beat Wall Street predictions on rising sales, tight expense controls and its efforts to tailor merchandise by region.

Cincinnati -- Macy’s first-quarter earnings soared and easily beat Wall Street predictions on rising sales, tight expense controls and its efforts to tailor merchandise by region. The department store operator is doubling its quarterly dividend and raising its full-year earnings and sales outlook.

Macy’s posted net income of $131 million for the quarter that ended on April 30, nearly six times higher than the $23 million it reported a year earlier.

May 5, 2011

Retailers reported strong April sales that were boosted by the late Easter holiday, which fell on April 24, three weeks later than last year.

New York City -- Retailers reported strong April sales that were boosted by the late Easter holiday, which fell on April 24, three weeks later than last year. Same-store sales rose 8.9% at the 25 retailers tracked by Thomson Reuters, compared with expectations for an 8.2% increase. But the good news was tempered as retailers acknowledged that shoppers are under increasing pressure from rising gas prices and other cost increases.

March 7, 2011

It’s hard to keep up with Manhattan’s fast-changing retail scene. But no one does it better than Faith Hope Consolo, chairman, retail leasing and sales division, Prudential Douglas Elliman Real Estate.

It’s hard to keep up with Manhattan’s fast-changing retail scene. But no one does it better than Faith Hope Consolo, chairman, retail leasing and sales division, Prudential Douglas Elliman Real Estate. Here are new and upcoming stores that Consolo, often referred to as the “Queen of Retail,” expects to be “fashionably” fabulous this year (with all comments by the Queen of Retail herself):

February 28, 2011

The Knot, a media company that targets brides-to-be and pregnant women, said Monday that Macy's has sold back its 10.7% stake in The Knot for $37.7 million.

New York City --- The Knot, a media company that targets brides-to-be and pregnant women, said Monday that Macy's has sold back its 10.7% stake in The Knot for $37.7 million.

The Knot did not give a reason for the repurchase and said it is part of a previously announced $50 million buyback plan.

The sale doesn't affect the companies' advertising and wedding registry agreements: The Knot will continue to direct wedding-minded readers to Macy's and Bloomingdale's registries, and Macy's will keep advertising in The Knot's media properties.

February 22, 2011

Macy’s reported Tuesday that net income jumped 50% in the fourth quarter ended Jan. 29, and projected its full-year profit would meet Wall Street expectations.

Cincinnati -- Macy’s reported Tuesday that net income jumped 50% in the fourth quarter ended Jan. 29, and projected its full-year profit would meet Wall Street expectations.

After a strong holiday season, the retailer earned $667 million in the fourth quarter, compared with $445 million in the year-ago period.

Revenue rose 5% to $8.27 billion, just missing analysts’ average forecast for $8.28 billion. Same-store sales increased 4.3%.