REAL ESTATE

American Eagle to open three U.K. stores

BY Dan Berthiaume

Pittsburgh – American Eagle Outfitters Inc. is entering the U.K. with the opening of three new company-owned stores. The stores will be located in the Bluewater mall in Kent, England, as well as the Westfield Group’s London and Stratford City shopping centers in London, England.

The stores opening in the Westfield centers will include an aerie presence in shop-in-shop form. All of the stores are expected to open during fall 2014.

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REAL ESTATE

Report: Blank Label opens Boston store; plans six new locations

BY Dan Berthiaume

Boston – Specialty men’s apparel retailer Blank Label opens its second store in the Downtown Crossing neighborhood of Boston on June 30. According to CNBC, Blank Label, which opened as an online-only retailer in 2009 and opened its first store in Boston in 2013, plans to open six more new physical stores on the East Coast by 2016.

Blank Label provides custom-made menswear and utilizes physical stores as showrooms, with no inventory. Since opening its first brick-and-mortar location, Blank Label increased its daily shipments from roughly 20 to almost 100, with 60% of the growth coming from in-store orders.

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FINANCE

Study: Sales flat, average transaction value up on Father’s Day

BY Dan Berthiaume

San Jose, Calif. – Despite an 8.1% year-over-year drop in traffic and decline of one full conversion point, sales on Father’s Day (June 16) remained essentially flat. According to data from in-store analytics provider RetailNext, a 15.4% increase in average transaction value (ATV) helped sales grow 0.1%.

For the week leading up to Father’s Day, sales declined every day compared to the equivalent day a year earlier. Daily decreases ranged from a high of 10.3% on June 13 to a low of 4% on June 9.

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