REAL ESTATE

Fairway Market plans Long Island store

BY Dan Berthiaume

New York – Fairway Group Holdings Corp., the parent company of grocery chain Fairway Market, will open a 53,000-sq.-ft. store in the DSW Plaza at 4000 Middle Country Road in Lake Grove Long Island, N.Y., in spring 2014.

The new store will be the first Fairway Market location in Suffolk County on Long Island and the 15th food store in the tri-state New York, New Jersey and Connecticut region.

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REAL ESTATE

Hemline trends suggest that stock prices will rise

BY Michael Fickes

George Taylor, a University of Pennsylvania Wharton School professor, came up with a theory called The Hemline Index in 1926. The theory identifies women’s hemlines as a leading economic indicator. Rising hemlines indicate that stock prices will begin to rise in the not-to-distant future. Falling hemlines indicate the falling stock prices and economic decline.

Some of the economists that have looked into the theory claim that it may have merit. Other economists suspect the concept is some sort of fashion promotion. The division of opinion, of course, supports another unrelated theory — that economists have predicted 10 of the last five recessions.

Ignoring economists, BlogHer and Taubman Centers recently asked women what hemline trends (and other style trends) they detected in the current fashion world. The results appear in the 2013 BlogHer-Taubman Style Study, which asked 1,609 female respondents, aged 18 and older about hemlines, the acceptability of wearable technology and where women are most likely to tend toward excess.

What’s up with hemlines?
With the theory of the hemline index in mind, researchers asked respondents to predict where hemlines would go this fall. Would they forecast ankle-dusting maxi skirts and throw the economy (and perhaps a number of men) into deep depression? Would they see hemlines just below the knee — suggesting cautious optimism for the economy? Would they call for hemlines to rise above the knee, foreseeing a “light at the end of the tunnel?” Or would a micro-mini-skirt prediction proclaim “good news ahead?”

And the results are:

  • Expect to see a light at the end of the tunnel with 47% of the respondents forecasting hemlines to rise above the knee.
  • Millennials were four times more likely than Baby Boomers to see “good times ahead,” predicting micro-mini skirts.
  • A contrarian 10% forecast ankle-dusting maxi skirts to be the trend this fall — a prediction so far contradicted by activity on fashion runways.

Do women want to wear technology?
While wearable technology is heating up in the technology world, the survey found that it hasn’t crossed over into the realm of women’s fashion. Of all the types of wearable technology available today, women are most open to wearing fitness trackers — 41% of respondents.

Millennials are more interested than other generations of women in every kind of wearable tech, from glasses to clothing.

In an indication that there may be a widening gateway to wearable tech — would that be good news? — 74% of women now rely solely on their smartphones to tell the time.

Going too far?
Gosh. How many shoes? The survey found that one in eight women has more than 50 pairs of shoes. That totals 100 individual shoes! Forty-three percent own between 20 and 49 pairs of shoes.

One-third of the respondents carry a purse weighting in at six pounds or more. Women in the Northeast are three times more likely to carry a 10+ pound purse than women in the Northwest.

Undercover and under the covers
The survey uncovered some trends that some of us may not want to know about. For instance, 38% of all women wear the number-one undergarment choice, bikini briefs. Millennials, however, have begun to wear a tad more thongs than bikini briefs.

Two-thirds of all women wear “comfy stuff” like flannel or sweats to bed, however, a robust 22%, all the way up in age from Millennials through Boomers, sleep “in the buff.” Bad news for retailers.

Of the 1,609 respondents 821 were members of the BlogHer Visionaries Panel, a diverse panel of more than 4,700 women age 18 and older recruited from the BlogHer community and geographically dispersed throughout the U.S. The remaining 787 respondents were members of the general U.S. population. The margin of error at 99% confidence is 2.34%. All portions of the study were conducted in August 2013.

What is BlogHer?
BlogHer is a cross-platform media network created by women for women in social media. It publishes and syndicates news, information, advice, recommendations and research on women in social medial. The company also hosts conferences for women in social media.


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REAL ESTATE

Hardee’s plans New England expansion

BY Dan Berthiaume

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Carpinteria, Calif. — CKE Restaurants Holdings, Inc., parent company of the Hardee’s fast food chain, plans to enter the Northeast U.S. market in the next 12-18 months. Regional expansion will begin in New Jersey, and New York, then continue to Connecticut, and Massachusetts.

CKE is expanding in partnership with franchisee Bhupen Patel. The company expects to open 200 Hardee’s restaurants in the region in the next five years and ultimately 1,000-plus throughout the Northeast. The stand-alone units will average 2,500 sq. ft. to 2,750 sq. ft. each and they will include drive-thru service

“It’s a massive advance into prime territory and a tremendous opportunity for a highly anticipated return,” said Jim Sullivan, senior VP of domestic franchise development for CKE. “We’ve heard from residents all across the region for years, begging us to bring our food back to them. We just needed the right partner.”

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