Levi’s, Wal-Mart and Gap top supply chain compliance survey
San Francisco — Levi Strauss and Co., Wal-Mart Stores, The Gap, Hanesbrands, Nordstrom, and Gildan Activewear scored highest on survey of global supply chain compliance programs of U.S. apparel brands and retailers released Tuesday by corporate responsibility group As You Sow.
The survey, "Towards a Safe, Just Workplace: Apparel Supply Chain Compliance Programs," features a scorecard and report that provides for the first publicly available comparable baseline data to evaluate the compliance programs of many of the top apparel companies doing business in the United States. The project was designed to provide information on the substance and scope of programs developed to improve factory working conditions.
The report ranks the resources allocated and actions companies are employing on key compliance actions such as factory auditing, remediation, continuous improvement, collaboration, company management accountability, and transparency.
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American Eagle Outfitters set to unveil SoHo flagship
New York City — American Eagle Outfitters will open second flagship in Manhattan. The new SoHo store will open Tuesday, Nov. 9.
A street-level accessories destination shop, along with women’s apparel, will welcome visitors. New York-exclusive merchandise, including NYC graphic tees, faux fur and silk pieces will also be among the ground-floor offerings. The flagship’s upper level will feature men’s apparel, including an underwear shop for men. The store will also feature a space devoted to aerie, American Eagle’s intimates and apparel brand.
The store’s design features an eclectic combination of textures, colors and materials that capture SoHo’s industrial-chic, minimalistic design aesthetic, as well as the artistic vibe. An open ceiling structure with exposed mechanical systems and ductwork is maintained throughout, with polished concrete floors on the second level.
An existing skylight was incorporated on the first floor and special glass and steel case work takes advantage of natural light. Unobstructed views allow a visual connection between the store experience and the activity on the street. Eco-friendly display screens situated through the store add an element of technology.
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Report: Retail rents jump in NYC tourist hot spots
New York City — Asking rents for retail spaces in New York City hot spots are rising in certain corridors, according to The Real Estate Board of New York’s (REBNY) Fall 2010 Retail Report.
According to the report, since spring 2010, retail asking rents climbed 21% to $1700 per square foot in the Times Square corridor defined by Broadway and 7th Avenue between 42nd and 47th Streets.
Other popular tourist destinations that are showing a steady growth in retail rents compared with fall 2009 include the West Village on Bleecker Street between 7th Avenue South and Hudson Street where rents increased 38% over 2009 to $486 per square foot. Fifth Avenue from 49th to 59th Streets and 42nd to 49th Streets, showed 15% and 10% increases respectively, including the deal, which is said to be the largest retail lease in Manhattan: the 90,000-sq.-foot Uniqlo at 666 Fifth Avenue.
As the report suggests, the growth in these retail corridors indicates that stores are more optimistic that the economic recovery will continue and that their stores will be profitable in these tourist hot spots.
“Asking rents that are lower than they were during the high point in our economy a few years ago are giving retailers the opportunity to locate in corridors that they wouldn’t otherwise be able to break into and many seem to be taking advantage of this,” said REBNY president Steven Spinola. “As a result of these opportunities in premiere retail areas, the retail space market has become competitive again and average rents are rising.”
Other report highlights:
- The average asking price per square foot in Manhattan rose 4% from spring 2010 to $118 per square foot.
- Compared with fall of 2009, asking retail rents for ground floor space on Madison Avenue between 57th and 72nd Streets increased 14% to $1,049 per square foot.
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As the report suggests, the growth in these retail corridors indicates that stores are more optimistic that the economic recovery will continue and that their stores. ChatRandom
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