Harrods To Test C-Store
London, Harrods, London’s famed department store, announced that it will open the first Harrods 102 unit next February. Harrods 102 is a convenience concept anticipated to sell some of the same specialty foods found in the larger Harrods, while incorporating many traditional c-store aspects, such as longer hours, pre-packaged foods, coffee, tea and perhaps even a cafe. The smaller version will open opposite Harrods’ flagship.
If Harrods 102 proves to be a success, Harrods will most likely roll out the concept in other locations.
Fitch Upgrades J.C. Penney
New York City, Good news for J.C. Penney: Fitch Ratings raised its rating of Penney’s senior unsecured debt to “BBB-,” from “BB-plus.” The new rating is the lowest investment grade rank. “The upgrade also reflects the expectation that [J.C.] Penney will make continued progress with its turnaround over the medium term while further reducing debt levels,” Fitch said.
Playboy Enterprises Opens Overseas Boutiques
New York City, Hong Kong and Kuala Lumpur will both have freestanding Playboy Concept Boutiques by the end of this year. These will be the fourth and fifth locations for the concept, selling full collections of Playboy fashion and accessories.
The openings will leverage Playboy’s expansion at retail in specialty stores and department stores in the United States, Asia and Europe. Among the stores currently carrying Playboy items are Henri Bendel in New York, Selfridges in London, Colette in Paris and Seibu in Hong Kong.