REAL ESTATE

American Eagle expanding into Mexico; six stores planned for 2013

BY Marianne Wilson

Pittsburgh — American Eagle Outfitters announced plans to open a series of vertically owned and operated-stores in Mexico, with the first location set to open on February 20, 2013, in Mexico City.

The store will be located in the Perisur’s shopping center, a mall located in the south part of Mexico City. Each AEO store will include an Aerie presence either in shop-in-shop or side-by-side form.

“Mexico presents an exciting market opportunity for AEO, where we have evidence of strong brand acceptance through the positive response to our Mexico-specific e-commerce site, which we launched in fall of 2012 bringing a multi-channel experience to our customers," said CEO Robert Hanson. “We plan to open six company owned stores this year, and to profitably scale the business over the next several years. We view Mexico as an important launch that will drive our longer-term approach to global expansion.”

In 2012, American Eagle Outfitters successfully licensed stores in Japan, Israel and Poland and continues to grow its presence in the Middle East. American Eagle Outfitters is currently present in 13 countries and ships online to 77 countries internationally.

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STORE SPACES

Walmart launches online destination profiling green innovations, pioneers

BY Marianne Wilson

Atlanta — Mother Nature Network and Walmart are teaming up to launch an online destination (mnn.com/leaderboard) that profiles the biggest innovations in sustainability – and the pioneers who are creating them.

“There are an incredible number of new ideas, programs, products, and services being created, which will have a very positive impact on sustainability,” said Joel Babbit, CEO of Mother Nature Network. “And most interestingly – they aren’t all from large corporations. Many are developed by very small companies, schools, non-profit organizations – some even by single individuals.”

“Thanks to the ingenuity, passion and innovative thinking of s so many people, we’ve seen an increase in sustainable technologies, processes and options in the past decade," said Andrea Thomas, SVP sustainability at Walmart. “These new ideas have helped companies, like Walmart, make significant progress toward our sustainability goals. Walmart has a responsibility to use its size and scale to influence positive change, and we believe ‘The Leaderboard’ will be a place to showcase cutting edge ideas and spark further adoption.”

The Leaderboard will profile dozens of forward-thinking innovators, with new stories published every week.

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williamson says:
Mar-30-2013 09:33 am

“These new ideas have helped
“These new ideas have helped companies, like Walmart, make significant progress Travel Here toward our sustainability goals. Walmart has a responsibility to use its size and scale to influence positive change, and we believe ‘The Leaderboard’ will be a place to showcase cutting edge ideas and spark further adoption.”

williamson says:
Mar-30-2013 09:33 am

“These new ideas have helped companies, like Walmart, make significant progress Travel Here toward our sustainability goals. Walmart has a responsibility to use its size and scale to influence positive change, and we believe ‘The Leaderboard’ will be a place to showcase cutting edge ideas and spark further adoption.”

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FINANCE

Valentine’s Day spending expected to rise this year

BY Staff Writer

New York — Consumers expect to spend slightly more on Valentine’s Day merchandise this year than last year, according to a report by market research firm IBISWorld.

The report forecasts spending of $134.08 per person, compared with last year’s $133.99. Total revenue for the holiday is expected to grow by 3.2%, to $20.8 billion, despite incomes and consumer sentiments remaining below what they were before the recession.

"Although overall spending will increase slightly, consumers are still watching their wallets, and spending on expensive items will suffer as a consequence," IBISWorld industry analyst Lauren Setar said. "Due to these trends, Valentine’s Day purchases are expected to trend toward conventional gifts, giving candy and flowers an edge this year."

In terms of specific product categories, spending on greeting cards is expected to increase 0.4% from 2012 to $866 million; candy sales are expected to increase by 4.3% to $2.89 billion; jewelry sales will increase by 2.2% to $1.61 billion; flower sales will increase by 5.7% to $1.78 billion; dining out will increase by 2.9% to $9.95 billion; clothing and lingerie sales will increase by 1.8% to $1.26 billion.

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