Neiman Marcus Files for IPO
Want to own a piece of the iconic department store? You may be able to soon! Neiman Marcus Inc. has filed a registration statement with the Securities and Exchange Commission for an initial public offering. Details including the number of shares to be sold and the price per share have yet to be determined.
Coach Opening First Flagship in Spain
Despite the less-than-perfect economy in Spain, Coach is getting ready to open its first flagship in Madrid. The store, opening this November, will feature men’s and women’s collections, with a focus on shoes, apparel, handbags, and jewelry.
Located in the glamorous district of Salamanca, the new 3,000-square-foot store will highlight the building’s historic details. Original ornate ceilings, plaster columns, and marble floors will all be preserved. Coach currently operates smaller shops-in-shop in Madrid, Barcelona, Marbella, and Valencia.
“I Shop New York” Initiative Has Launched
The Retail Council of New York State has launched a new iniative called “I Shop New York.” It encourages New Yorkers to support their local stores before shopping at out-of-state internet merchants. Ted Potrikus, the council’s executive vice president, released a statement saying, “Retailers employ more New Yorkers than any other industry. One in five of nearly 2.5 million jobs are directly or indirectly supported by retailers.” The council, which is a non-profit trade association, is focusing on helping the state’s business community recover from the most recent recession.
Source & Image: WWDSee the Top Ten Summer 2016 Trends for Women Over 40