REAL ESTATE

ToyWatch to open first U.S. location on Madison Avenue

BY CSA STAFF

New York City Prudential Douglas Elliman’s Retail Group said that ToyWatch, called First Lady Michelle Obama’s favorite fun watchmaker, will open a store at 509 Madison Ave., between 52nd and 53rd Streets, in Manhattan.

The multi-level space is next to Cellini Jewelers and directly across the street from Tourneau. Other fashionable stores in the area include Links London, Officina Panerai and Dunhill. 

Launched in 2005, ToyWatch is known for its multi-colored wristwatches in hundreds of playful styles. Described as the “anti-luxury statement” and a fashion forward obsession of Hollywood celebrities, the chronograph timepieces are sold worldwide and up until now only available at luxury department stores in the United States, such as Bergdorf Goodman, Neiman Marcus, Saks Fifth Avenue and Henri Bendel.

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REAL ESTATE

Harrods in talks to open Shanghai store

BY CSA STAFF

Shanghai London-based luxury department store retailer Harrods is said to be considering opening a store in Shanghai according to a Friday report by China Daily.

The paper said that Harrods is holding talks with the Shanghai municipal government on the opening of its first store outside the United Kingdom in the historic Bund area of Shanghai.

The proposed venture in China was initiated by managing director Michael Ward, according to the report. The plans, however, have yet to be confirmed.

Harrods was acquired on May 8 by Qatar Holdings for 1.5 billion pounds from Egyptian billionaire Mohammed al-Fayed.

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Nordstrom Rack to open at Pacific Commons

BY CSA STAFF

Fremont, Calif. Seattle-based Nordstrom said Friday it will open a new Nordstrom Rack at Pacific Commons shopping center in Fremont, Calif.

The 34,710-sq.-ft. store is slated to open in spring 2011.

The section of Pacific Commons where the new Rack will be located features a retail lineup that includes Kohl’s, Old Navy and DSW, among others. Pacific Commons is an 839,000-sq.-ft. shopping center owned and operated by Catellus Development Group, a ProLogis company.

Nordstrom currently operates three stores in the East Bay Area, including a Rack in San Leandro and two Nordstrom stores located in Pleasanton and Walnut Creek.

 

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