REAL ESTATE

Report: Victoria’s Secret set to debut in Russia

BY Katherine Boccaccio

Moscow — Multiple sources in Moscow on Wednesday said that Victoria’s Secret will open its first Russian store in Moscow on Sept. 30.

According to local paper Vedomosti Business Daily, experienced American brand franchisee Moneks will open four Victoria’s Secret stores in and around Moscow prior to year’s end.

Moneks Trading, which operates U.S. brands such as The Body Shop, Claire’s, Mothercare and American Eagle, is said to be opening a second Victoria’s Secret store in Moscow in October, a third in November and a fourth in December. Moneks has not formally commented on the openings.

Russia is a robust lingerie market, as sales last year in the category rose 12% to $5.23 billion, eclipsing results both in the United States and Europe.

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P.Lopez says:
Apr-10-2013 07:39 pm

Eagle, is said to be opening a second Victoria’s Secret store in Moscow in October, a third in November and a fourth in December. Moneks has not formally commented on the openings. ChatRandom

P.Lopez says:
Apr-10-2013 07:39 pm

Eagle, is said to be opening a second Victoria’s Secret store in Moscow in October, a third in November and a fourth in December. Moneks has not formally commented on the openings. ChatRandom

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REAL ESTATE

Retailer shifts occur on Madison Avenue

BY Staff Writer

New York City — A series of retailer moves on Madison Avenue has allowed for expansion and improved adjacencies in one of Manhattan’s luxury shopping meccas.

According to Prudential Douglas Elliman’s Retail Group, Italian luxury sportswear retailer Paul & Shark has opened in the Hartz Mountain Building at 667 Madison Avenue, replacing Michael Kors. In turn, Michael Kors will move to the current Steuben store and open a new flagship when the glassmaker departs the space.

The relocation of Paul & Shark into the dramatic double-height space represents a significant expansion for its New York store, which has been located on Madison Avenue at 66th Street. Moreover, the southward move along the Avenue positions the brand in an area known for its high concentration of men’s luxury and designer fashion. The new store sits directly across from Barneys New York and Calvin Klein, and is close to DKNY and Bergdorf Goodman.

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Lineup of 20 new-to-market retailers to debut at City Creek Center

BY Katherine Boccaccio

Salt Lake City — Bloomfield Hills, Mich.-based shopping center owner Taubman Centers announced Tuesday the first 20 retailers – all new to the market and most new to Utah – coming to City Creek Center, the 700,000-sq.-ft. retail component of mixed-used development City Creek in downtown Salt Lake City.

Along with anchors Macy’s and Nordstrom, the shopping center will feature approximately 80 stores and restaurants, including many nationally recognized names making their Utah debut, such as Coach, Brooks Brothers and Tiffany & Co. Also making market debuts will be 77kids by american eagle, BCBGMAXAZRIA, Bose, Australian brand Cotton On, The Limited,L’Occitane, Love Culture, Lush Fresh Handmade Cosmetics, Michael Kors, N3L Optics, Pandora, Papyrus, tech retailer Porsche Design, Swarovski, Texas de Brazil Churrascaria, Tumi and Yankee Candle Co.

City Creek Center opens March 22, 2012, and features a unique shopping environment with a retractable roof, a creek winding through the property, a pedestrian skybridge and more.

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