REAL ESTATE

Designer Victor de Souza to open pop-up in Harlem

BY Katherine Boccaccio

New York — Faith Hope Consolo, chairman, and Joseph Aquino, executive VP, along with Arthur Maglio of Douglas Elliman’s Retail Group are bringing fashion designer Victor de Souza to a pop up boutique at 2312 Adam Clayton Powell Blvd. as he prepares for his New York Fashion Week debut on Sept. 3.

Concurrently, the Argentinean-American fashion designer, whose creations adorn the likes of Mary J. Blige, Sarah Jessica Parker, Jennifer Lopez, Naomi Campbell, Rihanna, Madonna and Alicia Keys, will introduce his work to the public throughout August and September at the boutique location on the Southwest corner of 136th Street.

"By choosing to open his first New York store here in the midst of Harlem Week, de Souza has demonstrated his commitment to an important re-emerging area with strong roots in fashion," said Consolo.

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REAL ESTATE

Report: Microsoft may open Manhattan store

BY Dan Berthiaume

Redmond, Wash. – Microsoft Corp. is reportedly negotiating to open a new store on Fifth Avenue in Manhattan. According to the New York Daily News, the site is only a few blocks from Apple’s large “glass cube” store in New York.

The 8,700-sq.-ft., two-story building was previously occupied by luxury specialty retailer Fendi, which relocated its store to a Madison Avenue site in 2013. Commercial brokerage firm Cushman & Wakefield is marketing the space and Asian real estate firm King Fook is the landlord. Microsoft operated a pop-up shop in Times Square in 2012 but does not currently have a retail store in New York City. Microsoft did not comment on the report.

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FINANCE

Susser Holdings swings to Q2 profit; plans 17 new stores

BY Dan Berthiaume

Corpus Christi, Texas – Susser Holdings Corp. reported net income of $12.3 million in the second quarter of fiscal 2014, compared to a net loss of $4.3 million in the same quarter a year earlier. The elimination of a debt refinancing charge helped bring Susser back to profitability.

Susser plans to open 17 new Stripes convenience stores by the end of the year. The company also is is on track to merge with Dallas-based natural gas and propane company Energy Transfer Partners (ETP) in the third quarter of fiscal 2014.

Second quarter consolidated revenues were $1.87 billion, up 20% from $1.56 billion in the second quarter of 2013. Same-store sales rose 4%, aided by a shift in the Easter holiday.

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