REAL ESTATE

British clothier Jack Wills to expand U.S. store count

BY Marianne Wilson

New York — British apparel retailer Jack Wills is looking to nearly double its store count in the United States, according to various reports in the U.K. media.

The company, which specializes in preppy clothing for young men and women, currently operates 11 U.S. locations and has plans to add eight to 10 stores next year. It made its U.S. debut in 2010, in Massachusetts.

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REAL ESTATE

Zara selects Schimenti Construction to build Manhattan flagship

BY Staff Writer

Ridgefield, Conn. — Spanish fast-fashion retail giant Zara has chosen Schimenti Construction Co. to build its new flagship at 666 Fifth Avenue in Manhattan. The 39,000-sq.-ft. store is located in the former home of the NBA Store.

“We have begun the first phase (demolition and structural work) of the project which has included lowering the second floor to provide a higher ceiling and installing new steel beams,” said project executive Joseph Schimenti.

In addition to the two above ground sales floors, the store features a 20,000-sq.-ft. lower-level sales floor.

The first phase is of the project expected to be completed in September. The second phase (interior and exterior construction) to be completed in early 2012.

The second phase will include a new facade with extensive glazing, a precast stone structure, and extra large windows will be constructed during this phase giving the store an exciting exterior. New elevators and escalators will also be installed during the second phase.

Other key players in the project include AEdifica, the Montreal-based architecture and design firm.

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OPERATIONS

IHL report details growing use of tablets and impact on POS

BY Marianne Wilson

New York — More than four million tablets will be used in retail by 2015, according to IHL Group. The group’s new report, “Mobility: A Gutenberg Moment for Retail, A Threat to POS,” has forecasts for rugged handhelds, consumer handhelds (i.e., iPhones, iPod Touch), and tablet computers to be used at store level from now until 2015 in North America.

Some of the key highlights include:

  • While many would suggest that rugged handhelds will just get replaced by lower priced consumer devices, this will not be the case as this market will rise close to 30% over the next four years through more competitive offerings.

  • Shipments of nonrugged small format handhelds will increase 400% from 2010 to 2015.

  • By 2015, more than 2.7 million tablets a year will be shipped for use in North American retail/hospitality, fundamentally changing some segments.

  • All of these handhelds will have a dramatic impact on traditional POS shipments over time, reducing overall POS shipments by 11% in 2015 and in some segments as much as 20% from previously forecasted volumes.

For more information or to purchase the report, go to IHLservices.com.

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