REAL ESTATE

Realm Boutique to open in Soho

BY CSA STAFF

New York City Prudential Douglas Elliman’s Retail Leasing, Marketing and Sales division announced it has arranged Realm Boutique’s duplex flagship space in the center of Soho at 98 Greene Street, between Spring and Prince Streets.

The 3,500-sq.-ft. multi-level store will feature established and up-and-coming runway fashion designers from Paris, Milan and London. Among the labels featured will be Jean-Claude Jitrois, Sabbia Rosa and Andrew Gn.

Sharing the block with Realm is Louis Vuitton. Other neighboring boutiques include Kirna Zabete, La Perla, Etro and Anne Fontaine. Down the street are Michael Kors and Prada Soho.

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Sears wants to find you the perfect CE match

BY CSA STAFF

LAS VEGAS Sears announced that it will introduce two new online shopping tools — TvMatchMaker.com and CameraMatchMaker.com — at the International Consumer Electronics Show, taking place in Las Vegas, Jan. 7 to 10.

TVMatchMaker.com and CameraMatchMaker.com, according to the company, help customers find their perfect TV or camera by asking them a series of compatibility questions to find their perfect match. TvMatchMaker.com users interactively answer questions about their home and viewing habits. CameraMatchMaker.com users answer questions about the types of pictures they shoot, while addressing photography concerns such as red-eye reduction and blurred images.

“We know that there are a lot of confusing questions to consider when purchasing home electronics, especially for new televisions and digital cameras. With the TvMatchMaker.com and CameraMatchMaker.com solutions, the Sears Blue Electronics Crew asks participants targeted questions to quickly assess their needs and pair them with the best solutions,” said Karen Austin, president of home electronics for Sears Holdings. “Throughout both of the easy-to-navigate experiences, we have incorporated helpful tips and demonstrations to show Sears shoppers how the products can best fit into their homes and lifestyles.”

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BBBY posts strong quarter

BY CSA STAFF

In a strong earnings report that could be a sign of improving demand for spending on the home, Union, N.J.-based Bed Bath & Beyond posted third quarter earnings of $151.3 million, up 72.5% from $87.7 million in the same quarter last year.

Sales for the quarter ended Nov. 28 were $1.975 billion, up from 10.8% from $1.78 billion in the prior-year quarter. Comparable store sales in the quarter increased 7.3%.

 

Bed Bath & Beyond had a total of 1,086 stores, including 960 Bed Bath & Beyond stores.

 

The consumer continues to face challenges, said Leonard Feinstein, co-founder and co-chariman. Still, he described the company as “cautiously optimistic.” It opened 16 new Bed Bath & Beyond stores in the quarter, and closed one Bed Bath & Beyond store.

The company’s third quarter results exceeded even internal expectations, said CEO Steven Temares. Challenges persist, but the retailer’s fundamental strategy remains unchanged. He described the strategy as offering a broad mix of products at low prices and with high levels of service.

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