REAL ESTATE

Marimekko expanding to West Coast

BY Staff Writer

New York — Marimekko will open a flagship in the heart of Beverly Hills, Calif., on Nov. 15. The 5,000 -sq.-ft. store will feature the entire range of Marimekko products, from signature fashions to home furnishings and textiles, as well as a showroom to support further business development of the brand in the area.

The Finnish textile and clothing design company, renowned for its original prints and colors, opened a store in Palo in the Stanford Shopping Center, on Oct. 25.

In past 12 months, the brand opened a flagship shop in New York City and expanded its Boston presence with a store on Newbury Street, as well as collaborated with Canadian-based design store EQ3 for a new shop-in-shop in Toronto in August.

In addition to the brick-and-mortar store Marimekko launched an e-commerce last year in an effort to bring the brand to a wider audience. Marimekko has also its own store in Cambridge and a retailer-owned store on Manhattan’s Upper East Side as well as shop-in-shops at select Crate & Barrel locations.

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FINANCE

150 leases of Bakers and Wild Pair Shoes included in bankruptcy sale process

BY Staff Writer

New York — GA Keen Realty Advisors, LLC of New York, a division of Great American Group has begun marketing leases for 150 Bakers and Wild Pair shoe store locations across the country.

The stores, ranging from 1,254 to more than 4,000 sq. ft. in size, are located in 31 states including Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Louisiana, Maine, Maryland, Michigan, Missouri, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, and Wisconsin.

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FINANCE

Zale expands customer financing options

BY Marianne Wilson

Dallas — Zale Corp. announced the addition of Genesis Financial Solutions to its U.S. alternative financing program. The new financing option, which became available in October, is offered in Zales, Zales Outlet and Gordon’s retail stores.

Genesis is a consumer finance company that specializes in providing financing to consumers with near-prime and non-prime credit. Citibank (South Dakota), N.A., remains the company’s primary consumer financing provider in the United States. Zale will offer a Genesis revolving line of credit to select customers whose credit applications have been declined by Citibank, providing them with an affordable option and similar repayment terms.

"We were impressed with Genesis’ focus on customer service and their ability to offer a competitive financing option,” said Ken Brumfield, senior VP of financial products for Zale Corporation. “Adding Genesis to our portfolio of alternative financing lenders further enhances our ability to assist guests in making their fine jewelry purchase.

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