Amazon to embark on Big Apple hiring spree
Amazon is about to put down some new roots in New York City — and is hunting for new employees to support the operation.
The online giant plans to open a 359,000-sq. ft. office in Manhattan in 2018 that will serve as the home base for its Amazon Advertising business. Amazon will invest $55 million to outfit the office space with equipment that meets energy-efficient standards. To encourage Amazon's expansion in New York State, the company was offered up to $20 million in performance-based taxed credits through Empire State Development's Excelsior Jobs Program.
The expansion will also create 2,000 new jobs in finance, sales, marketing, and information technology — roles that will earn an average of $100,000 annually. These jobs will support Amazon’s advertising business, as well as Amazon Web Services, Amazon Fashion, and other divisions, according to MarketWatch.
Amazon Advertising will complement other operations already entrenched in The Empire State. For example, The Amazon Fashion Photography and Videography Studio in Brooklyn, New York, supports more than 300 jobs. Amazon also has a 350,000-sq.-ft. administrative office in New York City that employs 500 associates.
"We're excited to expand our presence in New York — we have always found great talent here," said Paul Kotas, Amazon's senior VP of worldwide advertising. "Last January, we announced our plans to create 100,000 full-time, full-benefit jobs in the U.S. by mid-2018 — and we are on track to reach that goal."
To help the company reach that goal, Amazon will open a new fulfillment center in Staten Island, New York. A $100 million investment, the 855,000 sq.-ft. facility will employ 2,250 full-time associates working alongside advanced robotics solutions.
The company is also evaluating where it will open its second headquarters, which it is calling HQ2.
Tiffany & Co. names veteran retailer as chairman
Tiffany & Co. has named Roger Farah as chairman, effective Oct. 2.
Farah, 64, joined Tiffany’s board in March 2017. He succeeds Michael J. Kowalski, who has served as chairman since 2002.
Kowalski, who served as CEO of Tiffany from 1999 until his retirement in March 2015, has been acting as interim CEO since February 2017. He will relinquish that title when the company’s newly appointed CEO, Alessandro Bogliolo, takes the reins in October.
Farah has served in leadership roles at Ralph Lauren Corp. Venator Group, R.H. Macy & Co., Inc. and Federated Merchandising Services.
“Roger has significant experience as a leader in the luxury retail industry, and I and my fellow directors value tremendously his expertise and insight which have been apparent during his time on the board," Kowalski said. "With the appointment of Alessandro as our new CEO, and under Roger’s leadership on the board, I believe we are well positioned to execute on strategies to drive comparable store sales growth and stronger earnings growth in the longer-term.”
Forrester: Online holiday spending to increase by double digits over last year
Overall positive economic conditions will propel retail sales online as well as of offline this coming holiday season.
That's according to a report by Forrester, which predicts that U.S. online holiday sales will grow 12% to reach $129 billion in 2017, compared to $115 billion last year. Offline holiday sales will inch up 0.3%, to reach $549 billion in 2017.
The total number of online holiday buyers in the U.S. will be 3% higher this year than it was last year, the report said. But the real firing power behind this year’s higher online holiday sales is increased spending. Online holiday shoppers will spend an average of $689, which is 8% more than in the 2016 holiday season.
With just four to six weeks to go before the official start of the 2017 holiday season, retailers must optimize service and functionality to deliver the best bang for their buck. Given the tight timeline, Forrester recommends that retailers focus their efforts on four key areas.
"Capping off months of planning, retailers must focus on four priorities before the holiday season kicks off," the report said. "Review your omnichannel fulfillment processes, re-tune your marketing plans, streamline your mobile checkout process, and craft your performance management strategy.