Hipster brand opens outpost in Brooklyn
Shinola, the Detroit-based watch and leather goods brand with a cool edge, has expanded its presence in New York City.
The company has opened a store in the newly developed Empire Stores center in Brooklyn. The sprawling, renovated warehouse complex is located on the waterfront and is home to tech and advertising companies along with select retailers, including West Elm.
The new store features Shinola’s full collection of watches, jewelry, leather goods and bicycles, along with a customizable watch bar. The brand partnered with New York eatery Smile Café to open an on-site restaurant.
The 2,651-sq.-ft. store was designed in collaboration with Gachot Studios, which is also designing the upcoming Shinola Hotel in Detroit.
It was built by Schimenti Construction.
Shinola Brooklyn is the company’s 18th nationwide. Additional stores are due to open in downtown Manhattan, Denver, Dallas, and Troy, Michigan.
Retailers launch new push against border tax
The retail industry is ramping up its efforts against House Republicans’ proposed border-tax proposal.
The National Retail Federation has launched the next phase of a television and digital ad campaign against the tax, which is included in the House Republican tax reform plan.
The campaign features three small retailers who tell their own stories and convey their fears that the BAT would put them out of business.
“Small business owners are already struggling to survive in an over-regulated marketplace, and the border adjustment tax would push many of them under water,” said David French, NRF senior VP for government relations.”
French said that the three retailers featured in the campaign represent “the millions of Americans who have made enormous sacrifices to build their businesses and now are at risk of being taxed out of existence.“
“Their stories are powerful not just because they are real, but because their fears transcend regional and partisan politics,” he said.
The ads will begin with a two-week television and digital ad buy in the congressional districts of several Republican members of the House. The ads will launch in several communities across the country and will encourage viewers to go to stopthebat.tax to tell their members of Congress to oppose the BAT.
The BAT is included in the House Republican leadership’s “Better Way” plan for tax reform. While NRF said it strongly supports tax reform, it warned the BAT could cause retailers to see tax bills three to five times the amount of their profits. Most at risk, according to the NRF, would be the small retailers that make up 98% of the retail industry and provide 40% of its jobs.
C-store giant steps up compliance efforts
7-Eleven is putting all of its policy data in one place — a move that will enable it to better mitigate risks connected to insurance and claims.
The convenience store chain added the Risk Management Information System (RMIS) from Riskonnect, to power its claims management, policy management and property data collection processes in the U.S. and Canada. The cloud-based system breaks down silos to provide a holistic view of risk management.
Armed with the integrated solution, 7-Eleven will increase operational efficiencies, reduce redundant data entry and increase data integrity.
“7-Eleven needed a RMIS system capable of consolidating our data for advanced reporting and automation to increase our efficiencies,” said Danny Downs, risk analyst connected to the project. “Riskonnect has been able to provide us with the custom built modules and tools we need to be successful in supporting our organization.”