New Balance/A/X Armani Exchange
Amarkedly contemporary environment allows Bloomingdale’s to extend its design in a new way as it continues to pursue variations on the signature black-and-white theme of its Manhattan flagship. Black granite and mirrors are used as punctuation and architectural icons throughout the three-level, 180,000-sq.-ft. store, which features a dramatic 40-ft. circular atrium topped by a skylight. Glass-enclosed elevators transverse the atrium and enhance the sight lines to all the sales floors. The theme continues to the balustrades, which feature clear glass topped with stainless steel.
Pure and elegantly minimalist backdrops provide the ideal setting for the merchandise on display at A/X Armani Exchange. With its modern, sleek furnishings and streetwise but polished finishes, the contemporary environment parallels the casual refinement of the brand’s hip target customer. The merchandise displays are reflected in the flooring, 2-ft.-by-4-ft. porcelain tiles finished in a silver-metallic coating. Floor fixtures are finished in distressed black wood veneer with slick, glossy-black complements, while aluminum shelves on silver-grey walls outline the perimeter of the 5,320-sq.-ft. store. A video wall enlivens the space with images while connecting the floors and serving as a backdrop for the floating staircase.
Stage Stores says Peebles evp to retire
HOUSTON Stage Stores today announced that Dennis Abramczyk, evp and coo of its Peebles Division, will be retiring after approximately nine years with the company. He will continue to serve in his position until a replacement is found.
Jim Scarborough, chairman and ceo, commented, “We want to thank Dennis for his contributions and service to our company, and we wish him well as he begins this new phase of his life. We will immediately begin a search for his successor, and we are pleased that Dennis will be staying on until the conclusion of our search process, as this will ensure a smooth and orderly transition.”
Home Depot to cut 500 HQ jobs
ATLANTA Home Depot is cutting 500 jobs at its headquarters. According to reports the cuts make up 10% of the 5,000 employees who work at the headquarters.
The cuts are partly due to the struggling U.S. economy, which has hurt market conditions, reports said. Employees were notified of the eliminations today, they will be paid through April 4.
Home Depot reported fiscal 2007 third quarter consolidated net earnings of $1.1 billion, or 60 cents per diluted share, compared with $1.5 billion, or 73 cents per diluted share, in the same period in fiscal 2006.