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“#Macy’s shares surge more than 20 percent on bright holiday outlook” Shares of Macy’s leaped more than 20 percent on Thursday after the retailer raised its financial forecast for the holidays, saying its stores are well stocked with Christmas inventory despite supply-chain kinks that have plagued the industry. Shoppers, meanwhile, have hit the ground running…
“#Wegmans deal signals reawakening appetite for Manhattan leases” When huge stores such as Barneys and Century 21 stand vacant, and “for lease” signs outnumber occupied storefronts on many Manhattan blocks, any sign of a retail uptick is welcome. It isn’t to be mistaken for a boom, but the third quarter saw a desperately needed lift…
“#Activist hedge fund wants Macy’s to mimic rival Saks’ online strategy” An activist hedge fund that took a stake in Macy’s is is pushing the department-store giant to follow its upscale rival Saks Fifth Avenue’s online playbook, The Post has learned. In March, Saks separated its bricks-and-mortar business from its online division, with the latter…
“#The creepy new way to remember loved ones” Braces yourself for this new style of macabre jewelry that incorporates the teeth of dead loved ones. Jacqui Williams owns the Australian company Grave Metallum Jewellery, which sells handcrafted pieces that integrate the remains of the dead. Williams also mixes hair and ashes into her jewelry line,…
“#Target inks deal at Queens tower where Amazon bailed” Target hopes to hit another bullseye in Long Island City — where it has just leased 31,000 square feet at One Court Square. When it opens (a spokesperson for Target declined to reveal an opening date), the store will have a dedicated ground-floor entrance, the entire 23,400-square-foot second…
“#Saks Off 5th clothing site valued at $1 billion in spinoff from stores” The e-commerce side of Saks Off 5th, the off-price luxury chain, will be split off from its bricks-and-mortar stores in a deal that values the fast-growing, discount luxury site at $1 billion, the company said on Monday. Venture capital firm Insight Partners…
“#Food sampling returns to grocery aisle with pandemic protections” Customers are noshing on free samples in the grocery aisle again — albeit with more pandemic protections than before. Two weeks ago, grocery chain Stew Leonard’s began handing out bite-sized samples of its homemade cheesecake stuffed into tiny paper cups — but only after building 28…
“#Best Buy raises its 2021 sales forecast” Best Buy raised its annual sales forecast on Thursday, saying the latest round of stimulus checks had kept consumers buying home electronics, while acknowledging that a reopening economy threatens to slow growth later in the year. Shares of the company, which have gained over 20 percent this year, rose about 5…
“#The best Hamptons luxury shopping for summer 2021” The Hamptons are hotter than ever — with summer beach rentals flying off the market (for big-spender prices) and buzzy hotels filling up fast. While you’re escaping to the East End, you’ll want to treat yourself to some serious luxury shopping. Here are all the store openings,…
“#Amazon faces antitrust lawsuit over treatment of vendors” Amazon’s online retail monopoly violates antitrust law and leaves consumers paying artificially high prices, according to a lawsuit filed by Washington DC’s attorney general on Tuesday. Vendors who sell their products on Amazon currently are forbidden from offering their own products with better terms or lower prices…