Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)
Issue link: https://sct.epubxp.com/i/390025
30 S C T / O c t O b e r 2 0 1 4 r e T a i l i n g T o d a y Neiman in New York Neiman Marcus will open its first New York City store at the 1.1 mil- lion-square-foot Shops at Hudson Yards, part of a mixed-use develop- ment under way at Hudson Yards on Manhattan's West Side. The 2 5 0 , 0 0 0 - s q u a r e - f o o t , t h r e e - l e v e l store is scheduled to open in 2018. "Hudson Yards presents the ideal lo- cation for a Neiman Marcus store," said Karen Katz, president and CEO of Neiman Marcus Group. "The project is a bold retail idea. Neiman M a r c u s G r o u p i s w e l l - k n o w n t o New York and New Yorkers through our landmark Bergdorf Goodman store — a beloved and revered New York institution at the corner of 5th and 58th, and we are excited to establish a flagship NM store in one of the world's premier shopping destinations." Ann Inc. has big plans for Lou & Grey Ann Inc. plans to expand its new Lou & Grey concept to six stores in coming months. Lou & Grey is a mix of casual and loungewear apparel that started out as a house brand within the company's Loft stores. New York City–based Ann Inc., which operates 261 Ann Taylor stores, 113 Ann Taylor Factory stores, 546 Loft stores and 122 Loft Outlet stores, opened a Lou & Grey shop- in-shop at its Loft store in Westport, Conn., in April. Between September and November, Lou & Grey–branded stores will open in Boston; Atlanta; Los Angeles; Chicago; Dallas; and Raleigh, N.C., in that order. The retailer is testing malls, street- front locations and lifestyle centers, sizes ranging from 1,800 to 2,700 square feet to determine what works best, said president and CEO Kay Krill in a conference call with investors. "We continue to be very pleased with the response we are seeing," she said. "The offering is both resonating with existing clients and attracting new clients." The company has been testing expanded Lou & Grey–branded departments within some existing Loft stores and those stores are outperforming the chain as a whole, she says. Ann Inc. is trying to introduce more novelty to its apparel designs, Krill says, as shoppers are not interested in stock- ing up on basics and are motivated to buy when they find special, fashion-for- warded clothing. S C T WE GO THE DISTANCE VISIT US IN AT ICSC New York December 8th - 9th Schedule an appointment today! 614.228.5331 PHONE appointment@castoinfo.com E-MAIL twitter.com/castoinfo Inspired ideas. Integrated real estate solutions. www.castoinfo.com facebook.com/castoinfo Experts in retail. An innovator in the retail marketplace since the 1920s, our mixed-use and neighborhood shopping centers include an extensive network of local, regional and national tenants. Great locations never go out of style. We have a thorough understanding of our markets and offer strategic, convenient locations. Integrated real estate services. We apply the full scope of our competencies to our third-party clients that we apply to our own projects. CORPORATE OFFICE: 250 Civic Center Drive, Suite 500 Columbus, OH 43215 614.228.5331