Dillard’s to Up Fashion Quotient
Little Rock, Ark. As part of its turnaround strategy, Dillard’s plans to offer more fashionable merchandise in hopes of positioning itself above Macy’s and Belk, and below Nordstrom and Bloomingdale’s, according to WWD.com.
The company is “trying to evolve from moderate to better prices and update from traditional, basic product to more enticing fashion assortments,” said William T. Dillard III, VP of accessories, intimate apparel and shoes at Dillard’s.
Dillard’s new stores are also smaller, measuring about 170,000 sq. ft. They are located in open-air lifestyle centers, compared with the retailer’s previous 200,000-sq.-ft. prototype, located in traditional malls.
Dillard’s will open nine new stores this year, all in open-air lifestyle centers in smaller markets.
Onkyo to stop HD-DVD production
OSAKA, Japan Following Toshiba’s announcement that it would no longer manufacturer HD-DVD products, Onkyo said it has decided to discontinue development and production of HD-DVD players. Onkyo’s players are made with core parts supplied by Toshiba.
Onkyo said it has distributed and sold about 2000 units of HD-DVD players and will continue to provide support for all owners of its products. The company said it will continue to manufacture products geared toward the Blu-ray format.
Saks puts ‘Want It!’ on wheels
NEW YORK Saks Fifth Avenue is taking its “Want It!” campaign on wheels. According to reports, the retailer has decorated a double-decker bus with Want It! images and will use the bus as a means of transporting customers from the flagship Fifth Avenue store to popular destinations on the Upper East Side.
Customers can take the bus from March 13 to 15 and receive free admission to several museums featured in Saks’ Want It! ads. According to reports, Saks’ fashion director will be among personalities making guest appearances on the bus.
The Saks tour guides will reportedly sport Want It! fashions and use a script that promotes the season’s trends and includes a history of Saks Fifth Avenue.