First Look: One Kings Lane makes leap to brick-and-mortar in New York City
Digital-first home furnishings and decor retailer One Kings Lane has opened a flagship in the heart of Manhattan’s SoHo neighborhood.
The two-level, 3,500-sq.-ft. store is located is what is believed to be one of the oldest buildings in SoHo. (It was built in 1818, originally as a private residence.) Cosmetic updates were made to create a fresh backdrop for One Kings Lane while highlighting some of the building’s original features.
The flagship is designed to create an immersive, home environment, with a product assortment curated to fit the aesthetic of the local neighborhood along with a variety of small-space solutions. As products sell, they will be replaced with new and different items. The assortment combines premium brands, the exclusive One Kings Lane Collection, vintage and antiques, and one-of-a-kind pieces. Home textiles accent the merchandising throughout the store and enhance its residential feel.
In addition, the new One Kings Lane offers professional interior design services, with a private, dedicated space on the second floor for design meetings. A prominent feature on the first floor is the brand’s recently-launched upholstery furniture customization platform, Palette by One Kings Lane, with an interactive workstation where customers can experience the new technology and review samples in person.
In partnership with iconic British cupboard makers Plain English Design, the store features a bespoke kitchen painted in One Kings Lane’s new signature color, Hudson Green. The flagship also highlights the brand’s exclusive collection with The Shade Store. In addition to showcasing the treatments in the shop’s windows, there are visual displays and swatches in the One Kings Lane Interior Design studio
“We are incredibly proud to open the doors of One Kings Lane SoHo today and believe this flagship is a showcase of the evolution of our brand, from our roots as an e-commerce platform into a true omnichannel retailer,” said Debbie Propst, president, One Kings Lane. “We can’t wait to welcome customers into this new space, which draws inspiration from the building’s history, the distinct aesthetic of SoHo, and the design needs of Manhattan residents.”
Founded online in 2009, One Kings Lane opened its first physical location in summer 2017, a pop-up in Southampton, N.Y. The response to the temporary outpost was so positive that the company decided to make it a permanent space.
One Kings Lane was acquired by Bed Bath & Beyond in 2016.
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Saks Fifth Avenue’s holiday windows to offer something different this year
Saks Fifth Avenue’s holiday windows in Manhattan are going digital.
In alliance with Broadway Cares/Equity Fights AIDS, one of the nation’s leading industry-based HIV/AIDS fundraising and grant-making organizations, Saks will unveil its theater-inspired, 10-story-tall theatrical light show and holiday windows on Fifth Avenue on Monday, Nov. 19.
“What could be more magical for the holidays than 124 high-spirited Broadway dancers filling Fifth Avenue to usher in the holidays in front of New York’s most iconic window displays and light show at Saks?” Broadway Cares/Equity Fights AIDS Executive Director Tom Viola said. “We’re honored Saks invited us to join them in this special celebration and are particularly appreciative of Saks’ support for those who’ve been marginalized and simply need a kind, helping hand.”
For the first time in the retailer’s 94-year history, Saks will offer a digital storytelling animation concept, along with the brand’s traditional vignettes in its New York holiday window display. The windows, presented by Mastercard, will bring to life an imaginary shopper’s visit to the theater, and her dreams of visiting Saks.
As part of the display, the Fifth Avenue center six windows each depict a different scene from the shopper’s dream, integrating real-life props with digital screens. Vignettes include the shopper experiencing countless luxurious offerings within Saks, including her personal Fifth Avenue Club visit, her search for the perfect shoe, and her trip to a spa room for pampering unlike any other on the store’s new beauty floor.
Customers can sponsor a light bulb on the façade of the flagship for the holiday light show. All proceeds benefit Broadway Cares/Equity Fights AIDS.
Saks will celebrate the unveiling of the holiday display with a live show that is an ode to the grandeur of the Broadway stage. The performance, titled Theater of Dreams, will include more than one hundred Broadway dancers performing a one-of-a-kind number live on Fifth Avenue, in a number produced by Broadway Cares.
“As we reimagine our iconic Fifth Avenue windows and celebrate the holiday season with Broadway Cares/Equity Fights AIDS this year, we hope to connect with people in a meaningful way while helping those in need,” said Marc Metrick, president, Saks Fifth Avenue. “From the Broadway-caliber Theater of Dreams performance on Fifth Avenue, to spreading holiday magic across all Saks stores in North America and online, we strive to deliver an unparalleled holiday shopping experience for our customers.”
The New York unveiling of Theater of Dreams will be live from Fifth Avenue and streamed via Saks.com. The online event, presented by Mastercard, will take place on Monday, Nov. 19 at 7 p.m. ET.
“Mastercard is proud to partner with Saks Fifth Avenue on this year’s Theatre of Dreams, the brand’s 2018 holiday experience,” commented Linda Kirkpatrick, executive VP, U.S. Merchants and Acceptance Mastercard. “For over a decade, Mastercard has partnered with Saks to create unique experiences for customers and cardholders that are truly Priceless, and captivate audiences around the world.”
Starbucks Q4 revenue surges; 2,100 stores on tap for 2019
Starbucks Corp. ended the year on a high note, reporting sales and earnings that beat the Street, amid a better-than-expected increase in U.S. same-store sales, on Thursday.
Also on Thursday, the chain announced its 2019 outlook. It includes adding 2,100 net new stores globally.
The coffee giant said it earned $755.8 million, or 56 cents a share, in the quarter ended Sept. 30, compared with $788.5 million, or 54 cents a share, in the year-ago period. Adjusted for one-time items, the company earned 62 cents a share in the quarter. Analysts had expected adjusted earnings of 60 cents a share. Same-store sales drove 3%, with a 4% increase in the U.S.
Total net revenue rose 11% to $6.30 billion, better than the $6.27 billion expected. Comparable-store sales rose 3% worldwide, also more than expected, driven by a 4% growth in the U.S.
In other fourth-quarter metrics, Starbucks’ loyalty program grew to 15.3 million active members in the U.S., up 15% year-over-year. And mobile order and pay represented 14% of U.S. company-operated transactions
“Starbucks record Q4 performance reflected meaningful improvement in virtually every critical operating metric compared to Q3,” said Starbucks CEO Kevin Johnson. “As we enter fiscal 2019, we are executing against a clear growth agenda, with a focus on our long-term growth markets of the U.S. and China. We are also excited about the long-term growth potential of our new Global Coffee Alliance with Nestlé.”
For the full year, Starbucks reported consolidated net revenues of $24.7 billion, up 10% over the prior year. Global same-store sales increased 2%, driven by a 3% increase in average ticket
Starbucks opened 604 net new stores in the quarter, for a total of 29,324 locations across 78 markets.