Organic Garage, Toronto
Organic Garage has opened an urban-inspired flagship that takes its design cues from the industrial surroundings and city streetscapes of its locale. Located in Toronto’s west-end Junction neighborhood, the 15,000-sq.-ft. grocery store incorporates murals and graffiti, street signs, pavement markings, guardrails, street lights, and building signs. To add to the authenticity, a local graffiti artist painted over brick walls giving a vibrant and urban feel to the space.
The store features one of the largest organic produce selections available in Toronto, more than 100 bulk options, and state of the art, environmentally friendly refrigeration and HVAC technologies.Organic Garage was designed by Tampa-based api(+), which also provided brand positioning and identity, signage/ graphics, and digital collateral design. Api(+) also designed Organic Garage’s new Kitchen Originals private label.
L Brands starts summer on a down note
Victoria's Secret is casting a shadow on parent company L Brands.
L Brands said that net sales fell 6% to $1.21 billion for the five weeks ending period ending July 2. Total same-store sales fell 9%, worse than expected, dragged down by a 17% decline at Victoria's Secret. On the positive side, same-store sales rose 8% at Bath & Body Works.
The retailer attributed 10% of the decline at Victoria’s Secret to its decision last year to exit swimwear and apparel in order to focus on its core undergarment offerings. It was the brand's sixth straight double-digit monthly comparable-sales decline, according to Retail Metrics.
Victoria's Secret is beset with a number of challenges, from declining mall traffic to increased competition from online players and traditional retailers, such as American Eagle Outfitters. Its Aerie brand, whose natural-looking models are a far cry from Victoria's Secret super-sexy "angels," has turned into a big hit with younger shoppers.
Home improvement giant to enhance rental offerings via acquisition
The Home Depot had acquired a company that will it enable it to expand its tool and equipment rental offerings to both professional and do-it-yourself customers.
After years of working with Compact Power Equipment, The Home Depot announced a deal to acquire the equipment rental and maintenance services company for $265 million in cash. The transaction is expected to close by the end of the company's fiscal second quarter.
As a commercial partner of The Home Depot since 2009, Compact Power Equipment currently provides compact equipment rentals at more than 1,000 stores across the U.S. and Canada. The company also provides equipment maintenance services nationwide to a range of customers, including The Home Depot.
"We've worked closely with the talented team at Compact Power Equipment for many years and are delighted to welcome them to The Home Depot family," said Craig Menear, chairman, CEO and president of The Home Depot. "The acquisition allows us to further improve the customer experience – in particular for Pros – through enhanced equipment and tool rental offerings. It also allows us to grow Compact Power's best-in-class building services capabilities."