REAL ESTATE

Report: Nordstrom opening Manhattan store, all profits to go to charity

BY CSA STAFF

New York City Nordstrom is coming to Manhattan, but it is not opening the flagship that been long expected — at least not yet. Instead, the upscale retailer will open what it calls a “unique concept” store in fall 2011, with all earnings from the store donated to nonprofits, Crain’s New York Business reported.

The store will be located  at 350 W. Broadway, a new building between Grand and Broome Streets.

“Nordstrom chose 350 W. Broadway as an ideal venue because it is a one-of-a-kind property in a cutting edge, highly trafficked neighborhood that appealed to the company for this new concept,” said Oliver Katcher, senior VP landlord RFR Realty, in a statement.

Details of the lease were not disclosed.

“It’s a unique, philanthropic-based store concept,” said Pamela Lopez, a Nordstrom spokeswoman, in the Crain’s report. “All profits will go to nonprofit organizations.”

The West Broadway shop will be the sole national outpost of its kind, the report said.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
News

Sears store takes second place in EPA contest

BY CSA STAFF

HOFFMAN ESTATES, Ill. Sears Holdings announced that the Sears store in Glen Burnie, Md., won second place in the U.S Environmental Protection Agency’s (EPA) first-ever National Building Competition. The competition challenged teams from fourteen buildings across the country to measure their energy use and work off the waste with help from the EPA’s ENERGY STAR program.

According to Sears Holdings, the Glen Burnie store achieved 31.7% reduction in energy use, $45,612 savings on its energy bills and reduced its carbon footprint by more than 272 metric tons of carbon dioxide.

“We are extremely proud of the Glen Burnie team, but this is just one example of our many sustainability initiatives,” said Bruce Johnson, interim president and CEO.  He added, “Sears Holdings is committed to continuing to explore new ways to conserve natural resources and reduce waste while also saving money.  We are proud of the strides we’re making and our efforts toward becoming a green company.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...
News

Survey: DROID, iPad among hot holiday gadgets

BY CSA STAFF

LOS ANGELES According to a new PriceGrabber survey the Motorola DROID smartphone, Apple iPad and Xbox 360 will be among the most sought-after gadgets this holiday season.

“Shoppers have become very smart over the past few years, forcing intense rivalry among popular manufacturers. This year, we expect to see an uptick in product wars and especially fierce competition around new product releases in the categories of mobile phones, tablets, DSLR cameras and 3-D televisions,” stated Laura Conrad, president of PriceGrabber. “We expect all of the products on the PriceGrabber top products list to succeed in winning the consumer dollar during the 2010 holiday shopping season.”

Other hot gadgets for 2010, according to PriceGrabber include the Canon EOS Rebel DSLR camera, the Samsung 55-inch 3-D LED television and the Apple TV.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

Polls

Consumer confidence is high. Is that reflected in your stores’ revenues?

View Results

Loading ... Loading ...