STORE SPACES

H&M to open its largest store to date, in New York’s Herald Square

BY Marianne Wilson

New York — Swedish fast-fashion giant H&M will open its largest location to date, a 63,000-sq.-ft. flagship in New York City’s bustling Herald Square. Scheduled to open in fall 2014, the four-level store will be located in Herald Center, a JEMB Realty property. The landlord’s broker is CBRE.

“H&M’s newest and greatest commitment to Herald Square is the next level in this retail submarket becoming one of the premier shopping destinations in New York City,” said Susan Kurland, executive VP of retail services at CBRE, in a prepared statement. “JEMB Realty envisioned a premier retail flagship at Herald Center, creating an unmatched branding opportunity in the heart of Herald Square.”

Herald Center is a 250,000-sq.-ft. retail and office building located on the corner of 34th Street and Broadway. It is due to begin a major renovation and repositioning, with an expected completion date of late next summer.

H&M is also on track to open a 42,500-sq.-ft. store at 4 Times Square by the end of this year. The retailer is setting up shop in a space that was vacated by themed restaurant ESPN Zone.

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News

Amazon releases API for in-app purchases

BY Dan Berthiaume

Seattle – Amazon.com has introduced the Mobile Associates API for Kindle Fire and other Android devices, enabling developers to sell physical and digital items from Amazon.com within their apps and games. Developers and members of the Amazon Associates program (the API is technically an extension of the program) can now sell a single item from within an app or game, showcase a category of goods, or bundle the purchase of physical goods with the purchase of digital goods.

Previously, developers had to use a “freemium” model with digital in-app purchasing or subscriptions, or by using mobile ads. When using the new API, developers earn up to 6% on qualifying in-app customer purchases and can allow customers to buy and receive goods through Amazon’s 1-Click purchase mechanism and Amazon Prime shipping, where available. The API can be used in the Amazon Appstore and in Google Play.

“Developers now have the ability to create an even deeper connection between their app and the products customers value and purchase through Amazon.com,” said Mike George, VP of Amazon Appstore, Games and Cloud Drive. “Imagine a developer of a nutrition and fitness app can now offer their customers the ability to purchase vitamins, supplements and fitness gear within the app, directly from Amazon.com. It offers the customer a more relevant experience and provides the developer with a new source of revenue.”

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C.Lawrence says:
Aug-31-2013 10:16 am

Amazon is popular for
Amazon is popular for providing efficient and affordable deals. http://www.chesstelecom.com/business-line-and-call-plans

C.Lawrence says:
Aug-31-2013 10:16 am

Amazon is popular for providing efficient and affordable deals. http://www.chesstelecom.com/business-line-and-call-plans

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OPERATIONS

Report: Twitter hires former Ticketmaster exec to head e-commerce effort

BY Dan Berthiaume

San Francisco – Twitter has reportedly hired former Ticketmaster president Nathan Hubbard to take the new role of head of commerce. According to Bloomberg, the 38-year-old Hubbard will oversee an effort to enable direct shopping through postings within tweets.

Hubbard is quoted as saying he does not seek to directly compete with established e-commerce retailers and payment providers but instead hopes to collaborate with them, possibly through a revenue-sharing model. He will report to Adam Bain, head of global revenue at Twitter.

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