Gap to open permanent 1969 concept store in SoHo
New York City — Robert K. Futterman & Associates said that Gap has signed a long-term lease to open a store for its Gap 1969 brand in Manhattan. The shop, which will feature Gap’s 1969 denim collection, will be located downtown in the SoHo area, between Spring and Broome streets. Gap 1969 is currently operating in a temporary space in the neighborhood.
Gap 1969 is scheduled to open in early spring 2011. It will occupy 2,800 sq. ft. of ground-floor selling space, and 3,000 sq. ft. in the basement and the sub-basement.
"Gap 1969 has been successful with its temporary location in SoHo and wanted a permanent location that could offer a wide-open floor plan allowing the brand to showcase its entire collection of merchandise on one level," said Ariel Schuster executive VP RKF.
This will be the third Gap 1969 store to open in the United States. Over the last two years, the brand has established outposts in Los Angeles and Chicago.
Gap 1969 focuses on premium 1969 denim and features hand-selected fashion-forward pieces from Gap¹s seasonal collections.
Home Depot shutters its last Beijing outpost
New York City — The Home Depot has closed its last store in Beijing, highlighting the difficulties that some western companies face when trying to transplant foreign business models into China.
Home Depot, which has closed five stores on the mainland in the past two years, is struggling to find the right business format for one of the world’s most difficult home-improvement markets, local analysts said.
Wingstop to open 20 stores in Baltimore-Washington area
Richardson, Texas — Wingstop is expanding throughout the Baltimore-Washington corridor. The company, which has experienced more than seven years of same store sales increases, recently signed a development agreement to open 20 stores in the area over the next several years.
Business partners Rahim Kurji and Bidjaan Kassam have signed a 20-store development agreement and expect to open four locations in Baltimore and Washington, D.C., this year.