REAL ESTATE

Ikea submits plans for store in Las Vegas area

BY Marianne Wilson

Conshohocken, Pa. — Ikea is submitting plans to Clark County, Nevada, for a Las Vegas-area store that would increase the Swedish retailer’s presence in the western United States.

The application marks the beginning of an approval process that could lead to the store’s opening as early as summer 2016.

The proposed 351,000-sq.-ft. Ikea would be built on 26 acres in the Spring Valley area of Clark County, approximately 13 miles southwest of downtown Las Vegas. The retailer said it will evaluate potential on-site power generation possibilities to complement its current U.S. renewable energy presence at nearly 90% of its U.S. locations.

“We look forward to continue growing our western U.S. presence with Ikea Las Vegas,” said Ikea U.S. CFO Rob Olson. “This accessible location would provide the already 101,000 Las Vegas-area customers a store of their own and introduce the unique Ikea shopping experience to other consumers throughout Clark County and Southern Nevada.”

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OPERATIONS

Retired Crate & Barrel CEO Barbara Turf dies at 71

BY Marianne Wilson

New York — Barbara Turf, 71, former CEO of Crate and Barrel, died July 12, at Evanston Hospital, of pancreatic cancer, the Chicago Tribune reported.

Turf was named CEO in 2008, after Crate & Barrel founder and longtime chief executive Gordon Segal retired. She joined Crate and Barrel as a part-time saleswoman in 1967, moving to its corporate headquarters in 1974. Turf retired as CEO in 2012 and joined the company’s board of directors, the company said in a statement.

“Barbara Turf’s impeccable eye for style, trend and design defined the merchandising and marketing vision of Crate & Barrel,” company CEO Sascha Bopp said in a statement. “She touched the lives of thousands of associates and developed invaluable relationships with vendors across the globe. Crate & Barrel would not be the company it is today without Barbara’s leadership. She will be missed.”

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MARKETING/SOCIAL MEDIA

Visa in deal with Borderfree to push U.S. retail promotions in Middle East

BY Marianne Wilson

New York — Visa has entered into an agreement with Borderfree, a leading international cross-border e-commerce solutions provider, to offer customers in the United Arab Emirates, Saudi Arabia, Kuwait, Qatar, Bahrain and Jordan, special promotions from retailers in the United States.

Borderfree, based in New York City, operates a technology and services platform that allows U.S. retailers to transact with customers in more than 100 countries and territories and more than 60 currencies worldwide. Borderfree’s customer portfolio includes Bloomingdale’s, Sears, Macy’s, Gilt, Elie Tahari and Neiman Marcus.
The partnership kicks off with a Neiman Marcus promotion that will be rolled out in select markets in the Middle East, including the UAE, Saudi Arabia, Kuwait, Qatar and Bahrain. Visa has partnered with almost 40 banks in the region to exclusively offer cardholders of participating banks duty-free and free international express shipping of goods purchased in excess of US $100 through Aug. 20.

The promotion also extends to leading fashion retail brand Elie Tahari and Gilt, the online retailer that provides instant access to today’s top designer labels at up to 60% off. Through Aug. 20, shoppers will have duty-free and free international shipping on orders of US $100 or more with Elie Tahari and free international shipping with Gilt on orders of US $100 or more.

“Visa is excited to engage with one of the leading ecommerce platforms in the world and offer customers of select banks the opportunity to purchase products from some of the most coveted fashion and retail brands without leaving the comfort of their homes,” said Karim Beg, head of marketing at Visa MENA. “Visa has been committed to growing its e-commerce footprint in the MENA region and this promotion with top US merchants such as Neiman Marcus, Elie Tahari and Gilt is a fantastic opportunity to reach out to the ever-growing base of online shoppers in the region.”

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