Content about New York

July 30, 2014

Parents and their children in grades K-12 will spend a combined $543 on back-to-school items, and double that, at $1,223, on college spending.

New York -- Parents and their children in grades K-12 will spend a combined $543 on back-to-school items, and double that, at $1,223, on college spending. According to new survey data from Deloitte, parents alone expect to spend 13% less than in 2013.

July 29, 2014

Households with school-aged children (pre-school through 12th grade) plan to spend more this year on back-to-school necessities with a predicted increase of 9 % for an average spend of $655, according to the 15th annual survey conducted by Brand Keys.

New York - Households with school-aged children (pre-school through 12th grade) plan to spend more this year on back-to-school necessities with a predicted increase of 9 % for an average spend of $655, according to the 15th annual survey conducted by Brand Keys.

Average anticipated spending in all major back-to-school categories reflect higher levels from 2013:

Clothing: $348 (+16%)
Shoes (athletic & dress) $127 (+15%)
Supplies $ 89 (+13%)
Computers/Electronics/
Tablets/Smartphones: $213 (+12%)

July 29, 2014

A majority of parents plan to spend more on their children's back-to-school shopping this year, driven by rising costs or necessity rather than greater spending power.

New York - A majority of parents plan to spend more on their children's back-to-school shopping this year, driven by rising costs or necessity rather than greater spending power. According the Accenture Back-to-School Shopping Survey, which polled 500 U.S. parents of children entering kindergarten through college, nearly all (89%) plan to do most of their back-to-school shopping in a physical store, though many will still use online to browse and search, or "webrooming."

July 23, 2014

The National Labor Relations Board has issued a ruling that workers in the cosmetics and fragrances department in a Macy’s store located in Saugus, Massachusetts, have the right to attempt to unionize.

New York – The National Labor Relations Board has issued a ruling that workers in the cosmetics and fragrances department in a Macy’s store located in Saugus, Massachusetts, have the right to attempt to unionize. The 3-1 ruling sided with the United Food and Commercial Workers union and said the 41 Macy’s employees form a community of interest.

The Retail Litigation Center (RLC) issued the following statement in response to the decision.

July 22, 2014

Chief marketing officers and chief information officers are working more collaboratively than in the past to take advantage of digital opportunities, but they remain at odds on issues involving how to drive integrated digital marketing solutions for their customers, according to a new study by Accenture.

New York -- Chief marketing officers and chief information officers are working more collaboratively than in the past to take advantage of digital opportunities, but they remain at odds on issues involving how to drive integrated digital marketing solutions for their customers, according to a new study by Accenture.

The report, “Cutting Across the CMO-CIO Divide, reveals  a growing collaboration between CMOs and CIOs – 43% of marketers and 50% of IT leaders think their relationship with the other has improved over the past year.

July 21, 2014

British retailing giant Tesco Plc on Monday said CEO Philip Clarke would step down in October, to be replaced by 27-year Unilever executive Dave Lewis, with the change effective Oct. 1.

New York -- British retailing giant Tesco Plc on Monday said CEO Philip Clarke would step down in October, to be replaced by 27-year Unilever executive Dave Lewis, with the change effective Oct. 1. Clarke, who has been with Tesco for 40 years, will remain with the retailer until January 2015.

July 18, 2014

Rob Brown, an actor best known for his role on the HBO series “Treme,” has reportedly settled a discrimination lawsuit against Macy’s and the city of New York.

New York – Rob Brown, an actor best known for his role on the HBO series “Treme,” has reportedly settled a discrimination lawsuit against Macy’s and the city of New York. According to Reuters, Brown’s suit accused three Macy’s security guards in a New York store of handcuffing him, publicly accusing him of credit card fraud, and marching him through the store before harassing and mocking him in a detention cell for an hour in a June 2013 incident.

July 17, 2014

American Apparel shareholders Bigger Capital Fund, Bachelier LLC and the Bigger Family, have sent a letter to the company's board seeking the resignation of co-chairmen David Danziger and Allan Mayer as board members.

New York -- American Apparel shareholders Bigger Capital Fund, Bachelier LLC and the Bigger Family, have sent a letter to the company's board seeking the resignation of co-chairmen David Danziger and Allan Mayer as board members.

The letter criticized the board’s "stealthily and abruptly ousting American Apparel's long-standing CEO and largest shareholder knowing that their actions will cause a near-imminent default under important contractual obligations of the company and cause it to default on nearly $10 million in loans."

July 17, 2014

Fast-fashion giant H&M on Thursday celebrated the opening of its flagship on Fifth Avenue in Manhattan.

New York -- Fast-fashion giant H&M on Thursday celebrated the opening of its flagship on Fifth Avenue in Manhattan. At 57,000 sq. ft., it is the retailer’s largest store in the world and 13th location in Manhattan. It also is the first H&M in the United States to offer a full concierge service, and to carry the full H&M Home collection.

July 16, 2014

IBM and Apple have entered into a comprehensive partnership to spread advanced mobile and data analysis technology in the corporate world.

New York -- IBM and Apple have entered into a comprehensive partnership to spread advanced mobile and data analysis technology in the corporate world. The deal brings together two historic competitors.

July 16, 2014

Empire State Realty Trust, Inc. (ESRT), a New York-based real estate investment trust, has completed the acquisition of the ground and operating leases at 112 West 34th Street and the ground lease at 1400 Broadway for a total of approximately $734 million in cash, common stock and operating partnership units.

New York - Empire State Realty Trust, Inc. (ESRT), a New York-based real estate investment trust, has completed the acquisition of the ground and operating leases at 112 West 34th Street and the ground lease at 1400 Broadway for a total of approximately $734 million in cash, common stock and operating partnership units. 112 West 34th Street is a 26-story, 650,769-rentable-sq.-ft.office tower, with 92,455-sq.-ft. of retail space located in the 34th Street/Penn Station submarket.

July 14, 2014

The Home Depot is collaborating with 3-D printer manufacturer MakerBot to start selling MakerBot Replicator desktop 3-D printers online and in 12 Home Depot stores in California, Illinois and New York, beginning July 14.

Atlanta - The Home Depot is collaborating with 3-D printer manufacturer MakerBot to start selling MakerBot Replicator desktop 3-D printers online and in 12 Home Depot stores in California, Illinois and New York, beginning July 14. This is the first time Home Depot has offered 3-D printers for sale in its stores and will be a pilot program for MakerBot and Home Depot.

July 11, 2014

Winick Realty Group announced three new retail leases at 400 Broome Street, fronting Kenmare, Cleveland and Broome Streets in Manhattan’s Nolita neighborhood.

New York -- Winick Realty Group announced three new retail leases at 400 Broome Street, fronting Kenmare, Cleveland and Broome Streets in Manhattan’s Nolita neighborhood.

Aaron S. Fishbein and Darrell Rubens of Winick Realty Group represented landlord Coral Broome Street LLC as they repositioned and upgraded these ground-floor retail opportunities.

July 10, 2014

In a settlement with the state of New York over a complaint by a New Jersey resident who was asked to cover her breast while nursing in a Nanuet, New York, store, Barnes & Noble has agreed to educate employees about its policies regarding public breast-feeding.

New York – In a settlement with the state of New York over a complaint by a New Jersey resident who was asked to cover her breast while nursing in a Nanuet, New York, store, Barnes & Noble has agreed to educate employees about its policies regarding public breast-feeding. As part of the agreement, Barnes & Noble also agreed to strengthen procedures for resolving customer complaints and to make a $10,000 donation to the Rockland County Breastfeeding Promotion and Support Program.

July 10, 2014

Retail sales generally improved in June, helped by good weather and big discounts as retailers look to clear inventory for the back-to-school season.

New York -- Retail sales generally improved in June, helped by good weather and big discounts as retailers look to clear inventory for the back-to-school season.
 
Costco Wholesale Corp. reported a 6% increase in June same-store sales, helped by higher fuel prices. Its results topped Wall Street estimates.

Excluding the impact of foreign exchange rates and gasoline prices, Costco’s same-store sales increased 6% for the five-week period ended July 6. The metric rose 5% in the United States and 7% overseas.  

July 10, 2014

Forest City Ratner Companies, the developer and owner of Westchester’s Ridge Hill mall in Yonkers, New York, is adding an indoor skydiving facility, one of only 14 in the U.S.

Yonkers, N.Y. - Forest City Ratner Companies, the developer and owner of Westchester’s Ridge Hill mall in Yonkers, New York, is adding an indoor skydiving facility, one of only 14 in the U.S.

IFly Indoor Skydiving will break ground this fall with an estimated completion date in early 2015.

July 9, 2014

Women’s apparel retailer Bebe has selected digital experience management platform provider Qubit to provide a wide reaching and bespoke A/B testing, website optimization and personalization program designed to increase conversion rates.

New York -- Women’s apparel retailer Bebe has selected digital experience management platform provider Qubit to provide a wide reaching and bespoke A/B testing, website optimization and personalization program designed to increase conversion rates.

While Bebe retains a strong physical store presence in prime locations globally, the retailer is now looking to establish itself as an ecommerce market leader by honing its online and mobile strategy — a plan that will kick off with the launch of a new responsive mobile site in the coming weeks.

July 9, 2014

Ron Johnson, who has been keeping a low profile since he was ousted from J.C. Penney in April 2013, made a rare guest appearance at Stanford University.

New York -- Ron Johnson, who has been keeping a relatively low profile since he was ousted from J.C. Penney in April 2013, took to the podium in May, as a guest lecturer at Stanford University.

July 8, 2014

Retail developer MarketPlace Development announced that the food and stores at LaGuardia Airport's Terminal B will receive a major overhaul in 2014.

New York - Retail developer MarketPlace Development announced that the food and stores at LaGuardia Airport's Terminal B will receive a major overhaul in 2014. With a new terminal slated to start construction in 2015, the redevelopment will provide upgrades for the existing aging terminal, including new shops and restaurants, enhanced amenities and infrastructure upgrades for HVAC and escalators in the food courts.

July 7, 2014

To the extent that it can be said about the nation’s fourth most populous city, Houston has been flying under the radar. While Houston is far from an obscure metropolis, its emerging status as one of America’s truly iconic cities seemingly has yet to take hold in the public consciousness.

By Jason Baker and Kenneth Katz, co-founders and principals, Baker Katz

July 7, 2014

PetSmart investor Longview Asset Management LLC, Chicago, has joined activist investor Jana Partners in calling for the retail chain to consider a sale.

New York – PetSmart investor Longview Asset Management LLC, Chicago, has joined activist investor Jana Partners in calling for the retail chain to consider a sale. Meanwhile, PetSmart said it was reviewing ways to return more cash to shareholders.

July 3, 2014

A physical store presence is key to most retailers for their online growth strategy, according to a new report by Moody’s Investor Services.

New York -- A physical store presence is key to most retailers for their online growth strategy, according to a new report by Moody’s Investor Services. Based on existing data, Moody’s estimate online sales as a percent of total retail sales are just 6% today, and will increase to 7.1% by 2016, and potentially reach a double-digit (mid-teens) share of the total retail sales pie in about five years.

July 2, 2014

A storefront retail space in downtown Patchogue, New York, has secured leases totaling 7,400 sq. ft., according to North Plainfield, N.J.-based Levin Management.

Patchogue, N.Y. -- A storefront retail space in downtown Patchogue, New York, has secured leases totaling 7,400 sq. ft., according to North Plainfield, N.J.-based Levin Management.

The 23,000-sq.-ft. space at 35-71 South Ocean Ave. will feature sushi restaurant 360 Taiko Sushi & Lounge (4,900 sq. ft.) and apparel retailer Jeans Fashion (2,500 sq. ft.).

July 2, 2014

A storefront retail space in downtown Patchogue, New York, has secured leases totaling 7,400 sq. ft., according to North Plainfield, N.J.-based Levin Management.

Patchogue, N.Y. -- A storefront retail space in downtown Patchogue, New York, has secured leases totaling 7,400 sq. ft., according to North Plainfield, N.J.-based Levin Management.

The 23,000-sq.-ft. space at 35-71 South Ocean Ave. will feature sushi restaurant 360 Taiko Sushi & Lounge (4,900 sq. ft.) and apparel retailer Jeans Fashion (2,500 sq. ft.).

July 2, 2014

Target Corp. on Wednesday requested that customers no longer carry guns in its stores.

New York -- Target Corp. on Wednesday requested that customers no longer carry guns in its stores.

The retailer found itself embroiled in controversy when gun-rights activists in Texas and several other states chose Target stores to demonstrate their belief in the right to openly bear arms. In response, the chain came under heavy fire from groups such as "Moms Demand Action for Gun Sense" and others who expressed concern about firearms being carried into an environment where the shoppers are often accompanied by children.