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With a whopping $450-million price tag the Staten Island outlet promises discounts and attractions that will make the 25 minute ferry trip worthwhile.
In a city obsessed with bargains and sample sales it seems rather obvious the need for an outlet.
While developers are adamant they are not looking to be the "Shops at Hudson Yards" it is rather obvious that they are trying to create a retail playground, not just a shopping outlet.
There will be many reasons besides shopping for tourists and New Yorkers alike to schlep to the 340,000 square-foot mall. "Instagrammable ferry voyages", jazz bands, petting zoos and fashion shows add up to the excitement of a bargain hunting experience.
The stores already open are: Banana Republic Factory Store, Guess Factory Store, Samsonite, Lids, Walgreens, Brooks Brothers Factory Store, Columbia Factory Store, Old Navy, Gap Factory Store; H&M, Jockey, Nike Factory Store, Starbucks
Before the end of the summer expect the following stores to open their doors: Levi’s, True Religion, Converse, Dennis Bass, iOptics, U.S. Polo Assn,Royal Jewelers, Crocs, American Eagle Outfitters, Aerie, Broome & Greene, Samsonite, True Religion, Lucky Brand, Parfum Europa, Verizon Wireless and GNC.
Read the full article here (paywall) on TheBusinessOfFashion
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Retailers are concerned about the customers’ dependency on sales. What started circa 2008 during the last recession as a temporary measure to cut excess inventories has become the status quo. Several articles, and more recently 'Live Event Debrief: How to Get Your Customers to Pay Full Price, have outlined problems related to this practice. Narrowing profit margins and brand erosion are some of the most important ones. Retailers are ready to overcome the addiction and seem to have a clear plan to do it. The question remains how customers will respond to it. Read the full article here (paywall) on TheBusinessOfFashion
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BusinessofFashion.com reports that the Italian fashion house closed all US stores and its entire North America operation as is seeking an agreement with creditors.
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If you’re trying to contribute as little as possible to the two global calamities of climate change and the swirling gyres of forever-materials slowly filling our oceans, there’s a useful formula to keep in mind: Use fewer things, many times, and don’t buy new ones.
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