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Louis Vuitton’s Award-Winning Island Jewel

BY CSA STAFF

Louis Vuitton Island Maison, part of the Marina Bay Sands resort complex in Singapore, represents the ultimate in luxury retail destinations. The striking crystal and glass structure, which sits directly on the water, was awarded top honors in the Association for Retail Environments’ (A.R.E.) design competition. It features the entire the complete Louis Vuitton offering, from its men’s and women’s collections to jewelry and accessories. It also houses a bookstore with a curated selection of books on travel, design, art and culture.

The interior, which has a sophisticated and open feel, recalls an upscale luxury yacht, one with a very contemporary edge, (The interior was designed by Peter Marino Architect, New York; project architect was Somerville, Mass.-based Moshe Safdie Architects.) Design elements support the nautical theme, including light fixtures that evoke ship masts and an outdoor loggia reminiscent of a luxury ocean liner’s deck. Art elements abound, and include pieces and contributions from internationally recognized artists and the famed illustrator Ruben Tolledo.

Visitors can access the Louis Vuitton Island in three different ways: via an outdoor bridge; by private boat, disembarking at a jetty; and from the Marina Bay mall via a tunnel and ascending ‘travelator,’ which leads them to the centre of the pavilion.

Click here for a video tour of the store.


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L.Jandayan says:
Mar-07-2013 10:40 am

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L.Jandayan says:
Mar-07-2013 10:40 am

What I like about Louis Vuitton is that they offer a lot accessories for the women. What I love a about their products are their bags, it really has a good quality but with super expensive price. - Aflac Assist LLC

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Macy’s exec joins Charitybuzz board

BY CSA STAFF

NEW YORK — Charitybuzz (www.charitybuzz.com), an online charity auction house, announced that Peter Sachse, chief stores officer of Macy’s, has been appointed to the Charitybuzz board of directors. Sachse also serves as a member of the board of governors of the YMA Fashion Scholarship Fund and as a director of XO Group, Inc. Charitybuzz raises funds for nonprofits around the globe through exclusive online charity auctions with the world’s biggest celebrities and brands.

“Peter has made incredible contributions to Macy’s, heading the company’s online business and marketing efforts and now serving as chief stores officer, and we look forward to his support as a member of Charitybuzz’s board of directors,” said Coppy Holzman, CEO and Founder of Charitybuzz. “Like Charitybuzz, Macy’s is dedicated to offering an unparalleled online shopping experience, innovation in retail and unmatched customer service, and we think Peter’s intuition and experience will be instrumental in elevating Charitybuzz to the next level in the years ahead.”

Sachse was named Macy’s chief stores officer in February 2012. Previously, he served as the company’s chief marketing officer since May 2007 and chairman of macys.com since April 2006. Sachse is responsible for the nationwide portfolio of Macy’s stores, as well as the region and district stores organization and visual merchandising. He also has responsibility for the company’s omnichannel strategy, which brings together stores, online and mobile capabilities to serve customers whenever and wherever they want to shop.

Sachse began his retail career in 1980 at Macy’s in Kansas City. Throughout the next nine years, he held positions of increasing responsibility. In 1992, he was named SVP and general merchandising manager at The Bon Marché in Seattle. Five years later, he was named executive vice president and general merchandise manager at Macy’s East in New York. In 1999, he was named vice chairman, director of stores at Macy’s East, and in 2001, became the president of The Bon Marché. Sachse was Macy’s first chief marketing officer when the Macy’s Corporate Marketing organization was formed in 2003.

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Charming Shoppes posts 4Q loss, closings planned

BY CSA STAFF

BENSALEM, Pa. — Charming Shoppes Inc. recorded a wider-than-expected loss for its fourth quarter as higher product costs and discounts at its Lane Bryant division cut into margins. The chain said it plans to close between 90 to 105 underperforming stores this year.

Charming Shoppes, which hired Barclays Capital in December to help it review its options, posted a loss of $13.2 million for the three months ended Jan. 28, compared with a loss of $30.4 million a year ago.

Sales fell 2.9% to $559.1 million, but beat market expectations of $542.3 million. The decrease, which includes the impact of operating 207 fewer stores than in the prior-year period, was partially offset by a consolidated same-store sales increase of 1%.

“Our fourth quarter results … were below our expectations as the impact of higher product costs and a challenging promotional environment created gross profit pressures, specifically at Lane Bryant,” said Anthony M. Romano, president and CEO, Charming Shoppes. “In response, we went on the offensive and chose to offer deeper-than-planned discounts to ensure seasonal unit sell-throughs. Nonetheless, we were able to fully offset the impact of these pressures through reductions in both SG&A and Occupancy and Buying expenses.”

The chain said in 2012 it plans to open approximately 20 stores (12 at Lane Bryant and eight in its outlet channel) relocate 25 mall locations to lifestyle and power centers, and refresh 40 stores through a newly initiated stores refurbishment program.

Of the stores to be shuttered, approximately 35 to 40 are Fashion Bug stores, including 19 stores closed in February, and 35 to 40 are under the Catherines banner. Lane Bryant plans to close 20 to 25 stores, many due to lease expirations without an immediate, acceptable and strategic opportunity for relocation.

During the next several years, Charming Shoppes is planning for approximately 125 new locations and 125 relocations from malls into lifestyle and power strip centers with stronger operating metrics.

In December, Charming Shoppes said it was getting rid of its Fashion Bug business and would focus on its flagship Lane Bryant brand going forward.

Net sales were $1.992 billion for the fiscal year ended January 28, 2012, a decrease of 3.4% compared with $2.062 billion for the prior year. Same-store sales for the year were flat compared with the prior year and included a 3% comparable store sales increase for Lane Bryant and an increase of 16% in e-commerce sales. The inclusion of e-commerce sales with the brick-and-mortar comparable store sales would result in a comparable sales increase of 1% for the year.

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