REAL ESTATE

Marimekko to open NYC flagship

BY Marianne Wilson

New York City — Marimekk, the Finnish textile and clothing design company, will open a flagship in New York City, on Oct. 6. Located on Fifth Avenue in the Flatiron District, the store will act as a showcase for new products.

The NYC store is based on the same concept as the Marimekko flagship opened in Helsinki earlier this year. Both locations were designed by the Japanese architectural firm IMA in cooperation with Marimekko’s own shop design team.

"The store is the spearhead of our strategy for the United States,” said president and CEO Mika Ihamuotila. Its mission is to showcase the world of Marimekko at its best, offering its full scope to American consumers.”

The flagship will also support the company’s online efforts and its U.S, partnership with Crate and Barrel.

“At the moment, there are already six Marimekko stores inside Crate and Barrel home furnishings stores, with the intention to open 17 more,” Ihamuotila said.

Marimekko is known for its original prints and colors. The company designs and manufactures interior decoration items ranging from furnishing fabrics to tableware as well as clothing, bags and other accessories.

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FINANCE

Walgreens’ September sales up 5.4%

BY Staff Writer

Deerfield, Ill. — Walgreen Co. said Wednesday that its sales increased 5.4% in September, to $5.95 billion from $5.65 billion in the year-ago period.

Pharmacy revenue rose 4.6%, while front end sales were up 5.1%.

Same-store sales rose 3.1%. Wall Street analysts were expecting growth of 4.6%.

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FINANCE

Tompkins survey: Economic weakness and low consumer confidence biggest threats to holiday success

BY Staff Writer

Raleigh, N.C. — Economic weakness and low consumer confidence, combined with vendor capacity/reliability, are the top threats to business success this peak season, according to a recent Peak Season Trends and Strategies Survey Report by Tompkins Supply Chain Consortium.

“What we found was not surprising, but very real, based on expectations for the upcoming holiday season,” said Chris Ferrell, director of the consortium and author of the report. “Although there are no clear forecasts for the season, companies are doing what they can to brace themselves. They need to see a profit, as well as make sure their customers are satisfied.”

The top five threats ranked by survey respondents are:

1. Economic weakness/low consumer confidence
2. Vendor capacity/reliability
3. Forecast accuracy
4. Inventory levels
5. New products/markets/channels

For more, go to tompkinsinc.com/publications/reports/peak-season/default.asp

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