REAL ESTATE

Ashley Furniture Industries to open 50 bedding stores

BY Marianne Wilson

New York — Ashley Furniture Industries Inc. plans to open about 50 bedding stores, under the Zzz’s By Ashley banner, in 2012, according to Furniture Today. The sleep shops will average about 4,500 sq. ft. each, and will offer a wide selection of mattresses and sleep accessories.

“I think we can open several thousand in the next 10 years,” Ben Thorud, the Ashley executive who is heading the new initiative, told Furniture Today.

According to Thorud, the stores will be designed to provide a better type of mattress shopping experience for consumers, with a system that makes selecting a mattress informative and easy to understand.

The new initiative, which has been in the works for several years, will operate along similar lines used by the Ashley Furniture HomeStores, with both licensees and corporate-owned stores, the report said.

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REAL ESTATE

Report: M.A.C to open Fifth Avenue flagship

BY Staff Writer

New York — M.A.C. Cosmetics will open a flagship on a prime stretch of New York City’s Fifth Avenue, according to various reports.

The company will open up shop in November, on Fifth Avenue near 54th Street, in a space that formerly housed Elizabeth Arden’s Red Door Spa, according to Racked.com.

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Ann Taylor to make Canadian debut

BY Katherine Boccaccio

New York — Ann Inc. announced Thursday that it will open two stores in Toronto, in fall 2012, marking the apparel retailer’s first foray outside the United States.

“Toronto is the perfect location to open our first international stores. It is a beautiful city filled with modern, sophisticated women who lead busy lives, and we are excited to bring a trusted fashion destination that offers great style as well as incredible versatility,” said head designer Lisa Axelson.

According to Brian Lynch, Ann Taylor brand president, Canada is a natural global jumping-off point because of the “strong awareness Ann Taylor already enjoys in Canada,” he said.

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S.Sitesnuksan says:
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