Empire Outlets enlists top fashion artist
Empire Outlets, the outlet center taking shape on the Staten Island side of the Staten Island Ferry, has turned to Manhattan and Holly Nichols to help promote the center.
Nichols’ illustrations have guided campaigns for Saks Fifth Avenue and Neiman-Marcus, not to mention New York and Boston Fashion Weeks. Her work has 600,000 followers on Instagram, and originals sell to collectors on Etsy.
“As this innovative project comes to life, I believe my art and illustrations will give a sense of what Empire Outlets can be, and I’m looking forward to sharing that vision with shoppers,” Nichols said.
Nichols was recruited for Empire Outlet’s upcoming marketing campaign by “Queen of Retail,” Faith Hope Consolo.
“With her magical markers, Holly brings forth the vivaciousness of life, creativity and fun, and, of course, that means shopping,” said Consolo, who heads Douglas Elliman’s retail leasing team.
Empire Outlets, a project of BFC Partners that will encompass 350,000 sq. ft., is scheduled to open in spring of 2018.
Tenants already signed for the outlet center include Nordstrom Rack, Nike Factory, Banana Republic, Francesca’s Collection, Columbia Sporting Goods, and Guess Factory.
“Just as Empire Outlets is illustrating the future of Staten Island’s North Shore, Holly Nichols is painting a picture of what we’re building for millions of tourists and local shoppers” said Joseph Ferrara, principal of BFC Partners.
No NY Wheel anytime soon
The New York Wheel has been indefinitely delayed, and will NOT be opening in spring of 2018. Empire Outlets already delayed their projected fall 2017 opening to coincide with the Wheel, which is involved in legal battles and has no contractor to do the work at this point.
Update needed here
The New York Wheel will NOT be opening as planned, and is now "indefinitely postponed" with no further information, so Empire Outlets (which delayed its opening from Fall 2017 to coincide with the Wheel) will be opening alone in the Spring of 2018.
Canada’s Aldo Group in deal to create new footwear giant
Another retail sector continues to consolidate.
The Aldo Group Inc. said it will acquire the footwear and accessories businesses of the Camuto Group. Both companies are family owned. The news comes just over a week after Michael Kors announced it was buying Jimmy Choo.
Terms of the Aldo-Camuto deal were not disclosed. The acquisition will create a new footwear powerhouse, at retail and wholesale. It will significantly increase both companies' capabilities and reach, and enhance their ability to offer a wide selection of footwear, handbags, and accessories through all channels, including owned stores, franchise, online and wholesale.
"We're thrilled to have found a partner that has the skills and infrastructure required to support our vision," said David Bensadoun, CEO of the Aldo Group.
Both the companies are heavily product oriented, but in different ways. Aldo operates its own stores and is heavily focused on retail and international, Camuto Group is an expert in wholesale and licensing and is mostly focused on the U.S. market.
"We are very excited about the ways the two organizations can help each other grow, leveraging each other's strengths," said Bensadoun.
Based in Greenwich, Connecticut, Camuto Group is a privately-owned company and was founded by fashion designer Vince Camuto, who died in 2015. The Camuto Group produces shoes for such brands as Jessica Simpson Collection, Tory Burch and Lucky Brand Jeans
"A huge part of our attraction to the Camuto Group is an understanding of their amazing design skills, excellent distribution network, and sourcing capabilities," said Bensadoun. "We also believe the Aldo Group's broad international and cross-channel experience will unlock Camuto Group's global potential."
The new company will operate two home offices, with one in Greenwich, Conn., where Camuto is based and the other in Montreal, where Aldo is headquartered. The Camuto family will continue to own and operate the apparel businesses. Alex Del Cielo will remain in his role as CEO of Camuto Group and will report to Bensadoun.
"We are excited to become a part of the Aldo Group family" stated Del Cielo. "The Aldo Group will preserve Camuto's autonomy, each brand's identity as well as retaining key talent, ensuring for a smooth transition.
Founded in 1972 by Aldo Bensadoun, Aldo has 3,000 points of sale in over 100 countries around the world. It is also a wholesale distributor and third-party sourcing provider of fashion footwear, handbags and accessories.
The Camuto Group produces shoes and apparel for the Jessica Simpson Collection, Tory Burch and Lucky Brand Jeans, in addition to its namesake Vince Camuto collection.
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Grocer serves up 13th consecutive quarter of same-store sales gains
Weis Markets saw its sales and income increase in its second quarter.
The company’s net income in the quarter totaled $18.5 million, a 21% increase over the year-ago period. Operating income rose 15.2% to $27.7 million, compared with $24.1 million in the same period last year.
Sales rose 20% to $876.6 million. Same-store sales rose 2.7%, after adjustment for the Easter holiday shift.
"Our comparable stores have now increased for the thirteenth consecutive quarter," said Jonathan Weis, chairman and CEO, Weiss Markets, which operates 204 stores in Pennsylvania, Maryland, Delaware, New Jersey, New York, Virginia and West Virginia.. "During this period our sales and net income benefited from the strong performance of our pharmacy and deli-food service departments, sustained and varied promotions throughout our seven state market area and increased store level efficiencies and expense controls."
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