Macy’s and G-III Sign Exclusive Agreement for DKNY Women’s Apparel and Accessories

Macy’s, Inc. and G-III Apparel Group, Ltd., a leading manufacturer and distributor of apparel and accessories under licensed brands, owned brands and private label brands, today announced an agreement under which Macy’s will serve, beginning February 2018, as the exclusive U.S. department store for sales of DKNY women’s apparel and accessories.macys inc

Under the agreement, Macy’s exclusivity covers DKNY women’s apparel, handbags, and shoes, in addition to women’s and men’s outerwear and swim, which will be available at Macy’s locations nationwide and on macys.com. Macy’s and G-III will work closely on brand extensions and exclusive products that build upon the founding principles of the iconic New York–based brand. The agreement also plans for increased and enhanced DKNY shop-in-shops in Macy’s stores.

We want to create partnerships that offer our customers products and experiences that they can find only at Macy’s, and DKNY is a fashion-first brand we know our customers love,” said Jeff Gennette, president and chief executive officer of Macy’s, Inc.By offering exclusive access in key categories, we are confident that DKNY will quickly become one of our top brands. Their remarkable global recognition combined with our expansive footprint make Macy’s and DKNY a perfect partnership.”

We believe that Macy’s is the ideal partner as we implement our strategy for DKNY to be the premier brand in the world for women’s apparel and accessories,” said Morris Goldfarb, chairman and chief executive officer of G-III.We have worked well with Macy’s in the past with respect to our portfolio of brands and we are confident that this partnership with Macy’s will help DKNY flourish and capture market share.

G-III will continue to operate the freestanding global DKNY stores and DKNY.com. G-III also will maintain DKNY’s agreements with international license partners and distributors outside of the United States. Products outside the exclusive categories and products distributed by DKNY’s various licensees under other categories in the DKNY family will continue to be sold to a broad range of department stores, including Macy’s.

G-III is a leading manufacturer and distributor of apparel and accessories under licensed brands, owned brands, and private label brands. G-III’s owned brands include Donna Karan, DKNY, Vilebrequin, Eliza J., Andrew Marc, Marc New York, Bass, and Jessica Howard. G-III has fashion licenses under the Calvin Klein, Tommy Hilfiger, Karl Lagerfeld, Kenneth Cole, Cole Haan, Guess?, Vince Camuto, Ivanka Trump, Kensie, Jessica Simpson, Levi’s and Dockers brands. Through its team sports business, G-III has licenses with the National Football League, National Basketball Association, Major League Baseball, National Hockey League, Hands High, Touch by Alyssa Milano and more than 100 U.S. colleges and universities. G-III also operates retail stores under the DKNY, Wilsons Leather, Bass, Vilebrequin and Calvin Klein Performance names.

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Introducing Maisonette.com: The Ultimate Children’s Clothing & Lifestyle E-Commerce Destination

Maisonette.com, the new premier online baby and children’s fashion and lifestyle destination, launches today. Co-founded by Vogue Magazine alums and entrepreneurs Sylvana Durrett and Luisana Mendoza-Roccia, Maisonette brings together a curated selection of the most stylish children’s brands and boutiques from around the world into one convenient shopping destination featuring apparel, accessories, furniture, and home decor.

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Easter at Maisonette.com

Over the past five years, growth in the $300 billion childrenswear market has outpaced all other apparel markets, resulting in a fragmented landscape of thousands of brands and independent boutiques impossible for the average consumer to navigate. Maisonette will be the definitive shopping and editorial destination for childrenswear and accessories by aggregating this fragmented supplier base into one, seamless shopping destination.

Maisonette is an online marketplace featuring a curated assortment of products for children ages 0-12 from a global network of over 40 stylish boutiques and 125 brands. The site assembled the world’s coolest and hard-to-find kids’ boutiques onto one retail platform with a centralized checkout process. This enables customers to shop from Yoya in New York City, Arcade in Nashville, and Bobo Choses in Spain with single check out and streamlined shipping. In addition to bringing the world’s shops to your desktop or mobile, Maisonette also sells select exclusive brands direct to consumers, such as Bonpoint, Stella McCartney and Oeuf. All product is presented through the lens of original editorial content featuring interviews, photo shoots and curated lists from tastemakers and celebrities.

We were inspired to launch Maisonette because of the frustration we felt when we tried to shop online for stylish, well-made products for our kids,” said Chief Executive Officer and Co-Founder Sylvana Durrett. “The children’s industry is more fragmented than any other and there is no central authority in the space. Our aim is to make Maisonette that authority, and provide unprecedented access to the best children’s brands and boutiques in the world.”maisonette-skate-ahead

“As former editors, it is important to us to not only provide a compelling marketplace but also to provide inspiration,” added Chief Creative Officer and Co-Founder Luisana Mendoza-Roccia. “Maisonette connects customers to the world’s most special and unique children’s products while offering editorial content that provides an insider’s guide to trends, new brands, and tips from tastemakers. It’s the ultimate online destination for all things children and baby.”

Maisonette raised $2.775 million in seed round investment from strategic partners who offer industry-leading expertise in launching groundbreaking retail concepts and fashion brands. Participating in the round are NEA, a venture capital firm with investments in Jet.com and Moda Operandi, and Thrive Partners, an early investor in Warby Parker and Harry’s. Private investors include Silas Chou, an early investor in Michael Kors, as well as Andrew Rosen, Marcus Wainwright & Glenna Neece, Vivi Nevo, and Jonathan & Lizzie Tisch.

Pantene Celebrates Diversity with Powerful “All Strong Hair is Beautiful Hair” Campaign

The Largest Hair Care Brand Addresses Societal Beauty Norms and Celebrates African American Hair

Pantene has helped to define “Beautiful Hair” for 40 years through powerful images of strong, healthy hair; however, while diversity and inclusion continue to improve in society, there is still a level of inequality in how African American hair is represented in popular culture and in mainstream hair care advertising. Mass brands, like Pantene, have inadvertently been a part of this pervasive hair bias with a history of advertising showcasing a limited representation of African American hair styles and textures and promoting long, shiny, smooth hair as the pinnacle of hair health and beauty. Pantene has set out to change this perception and empower all women to embrace their strong and unique hair because all strong hair is beautiful hair.4. Pantene Gold Series Logo

As part of the next chapter of its “Strong Is Beautiful” story, Pantene has launched a new ad that celebrates the heritage, diversity, and beauty of African American hair, proving all strong hair is beautiful. Featuring Pantene Brand Ambassador, Jillian Hervey, alongside African American women of all ages and with a broad representation of hair textures and styles, the ad is a celebration of all strong, beautiful hair. The varieties of striking and varied styles shown are the artistic creation of Pantene Celebrity Stylist, Chuck Amos.

Pantene Gold Series product group

Pantene Gold Series Collection (Photo: Business Wire)

As a part of Pantene’s commitment to better serve the unique hair needs of African American women, the brand created a premium collection of products – Pantene Gold Series – which delivers the strength hair needs to conquer any desired style. With 15 years of research and development to understand the needs of textured hair, the collection of eight care and styling products delights the most discerning hair care and styling consumers.

Pantene Gold Series is the Brand’s first hair care collection co-created with a team of African-American PhD’s, scientists, stylists and dermatologists, specifically designed to deliver Pro-V Nutrient Blends to provide superior strength and moisture for women with relaxed, natural and transitioning hair.

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Pantene Brand Ambassador, Jillian Hervey, behind-the-scenes at the shoot of Pantene’s newest TV ad campaign, which celebrates the heritage, diversity, and beauty of African American hair, proving that all strong hair is beautiful. (Photo: Business Wire)

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KitchenAid Adds Premium Cutting Boards And Ceramic Cutlery To Offerings

KitchenAid, long known for the precision, design, and durability of its cookware and cutlery, is introducing premium ceramic cutlery as well as wood and poly cutting boards to the brand’s offerings. Thoughtfully designed and crafted from the highest quality materials, the new ceramic cutlery sets and cutting boards are sure to become essentials for the well-equipped kitchen.

KitchenAid currently offers a large selection of forged and professional grade steel cutlery that cater to a variety of cooking style and needs,” says Wendeline Camp, global product marketing manager. “As we expand our cutlery and cutting board collection, our goal is to provide cooks with high-quality tools that both assist in and help fuel culinary creativity.”

Ceramic Cutlery

The new KitchenAid Series of Ceramic Cutlery offers an exciting alternative to traditional stainless steel knives and is a durable, long lasting addition to any kitchen cutlery collection. The line includes tough-grade black matte ceramic knives with precision diamond grind blades that stay sharp up to 10 times longer than stainless steel cutlery*. The ceramic blades feature a black matte hue, offer a rust-free guarantee, are Dishwasher Fearlessä, and incredibly durable, yet light in weight. The line includes an 8” chef knife, 6” chef knife, 6” serrated bread knife, 5” santoku knife and a 3” paring knife.

Ceramic Cutlery

KitchenAid Series of Ceramic Cutlery

Currently available, the knives will be available for purchase separately at a suggested retail price of $39.99, $34.99, $39.99, $34.99 and $19.99, respectively, as a 4-piece set with a suggested retail value of $79.99 and as a 3-piece set with a suggested retail value of $59.99.

Wood Cutting Board

Made from high-quality materials and artfully designed, the new wood cutting boards are a practical and attractive addition to any kitchen countertop. Available in three premium wood finishes, the double-sided board features one flat side with measure marks for more precise preparations while the second side boasts a drain-away tray to allow juices, gravy, and liquids to flow away from the cutting surface. Available in 15mm thick Bamboo, 25mm thick Acacia, and 25mm thick Walnut, the boards are extremely durable, yet gentle on knives to prevent dulling of blades.

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KitchenAid’s New Cutting Boards in 15mm thick Bamboo, 25mm thick Acacia and 25mm thick Walnut.

Available in July 2017, the boards will be offered in size 8”x11”, 11” x 14”, 12”x”18, with a suggested retail price of $19.99 – $59.99 based on material and size. Continue reading

Target Announces First Midtown Manhattan Store at Empire State Realty Trust’s 112 West 34th Street Location

Target has announced plans to open a 43,000 square foot small-format store in Manhattan’s Herald Square, located just west of the 34th Street and Broadway intersection, just one block from Penn Station. Target has signed a lease for the Herald Square small-format store with Empire State Realty Trust.

Target's New Herald Square 33rd st entry

Target’s New Herald Square store 33rd st entry

Projected to open in October 2017, the Herald Square store will be one of 30 stores Target plans to open this year, and will be the company’s third location in Manhattan, joining the Harlem and Tribeca stores. Additionally, Target has previously announced future plans to open small-format stores in Manhattan, including sites in East Village (projected to open summer 2018) and Hell’s Kitchen (projected to open in 2019).

Target Herald Square checkout

Target Herald Square vw 7 checkout

The company is focused on expanding Target’s small-format stores in dense urban neighborhoods, with New York being a priority market for the company’s growth. Target’s flexible store design allows for stores in smaller locations with assortments that are tailored to meet the needs of local guests.

The two-level Herald Square store will have two entrances, one off of 34th Street, and the other off of 33rd Street. The store will feature modern décor elements, including concrete floors, wood plank walls and ceilings, pendant and LED lighting and elevated merchandise assortment displays.

At approximately 43,000 square feet, the Herald Square store location will provide a quick trip shopping experience with a curated assortment mix, including:

  • Inspiration and style will be emphasized off of the 34th Street entrance, with apparel and accessories.
  • Convenient grab-and-go food and beverage items conveniently located off of the 33rd Street entrance. Additional grocery, including a robust, fresh assortment will be available in the store’s lower level.
  • Convenient self-checkout lanes will also be located on the store’s first level.
  • Apparel for the whole family
  • Stationery and home items dedicated to refreshing small living spaces
  • Open market grocery department
  • Health, personal care and beauty products
  • Services will include a CVS Pharmacy and Order Pickup

In addition to the new store’s robust product assortment, Target’s Order Pickup service the ability to buy online and pick up in store – will provide guests with the convenience of having their orders ready within one hour for pickup and the security of having online orders shipped to, and held at, the store.

The addition of the Herald Square store location is exciting for Target as we expand our footprint with small-format stores in Manhattan,” said Mark Schindele, Senior Vice President, Properties. “Not only will we be able to serve the thousands of working professionals that travel through Herald Square each day, but we’ll have the opportunity to showcase Target’s exclusive brands and compelling offers for the many tourists from around the world who shop in this vibrant neighborhood in Manhattan.

Target’s new 34th Street location concludes ESRT’s plans for the successful redevelopment of storage space, office, and retail into 90,000 square feet of retail,” said Thomas P. Durels, Executive Vice President and Director of Leasing and Operations for ESRT. “Target joins Sephora and Foot Locker at the best location on the 34th Street retail corridor, which spans from the Empire State Building to 7th Avenue. We are delighted to partner with Target and deliver once again to ESRT shareholders the bottom line results of our embedded growth.

Landlord representation was provided by Fred C. Posniak and Shanae Ursini of ESRT, along with Joanne Podell, Ian Lerner and Mary Clayton of Cushman and Wakefield. Peter Ripka, Richard Skulnik and Jeffrey Howard of Ripco Real Estate were Target’s broker representation.

Macy’s, Inc. Board of Directors Elects Jeff Gennette Chief Executive Officer

Macy’s, Inc. today announced that its board of directors has unanimously elected Jeff Gennette chief executive officer, effective this past week. As previously announced, Gennette succeeds Terry J. Lundgren, who will continue as executive chairman.macys inc

Jeff will be a terrific CEO for Macy’s, Inc. He has a deep knowledge of this company, coupled with the vision and determination to continue Macy’s transformation for the next generation. Jeff has a proven track record as a successful retail operator, seasoned merchant, and business leader and has contributed significantly to the company’s long history of success,” said Lundgren. “I’ve been honored to lead this great company, am thrilled to be passing the baton to such an exceptional leader, and look forward to my continued role on the board of directors.

Jeff Gennette - President and Chief Executive Officer, Macy's, Inc. (Photo Credit - Business Wire)

Jeff Gennette – President and Chief Executive Officer, Macy’s, Inc. (Photo Credit – Business Wire)

Gennette began his retail career in 1983 as an executive trainee at Macy’s West in San Francisco. He held positions of increasing responsibilities, including vice president and division merchandise manager for men’s collections, and senior vice president and general merchandise manager for men’s and children’s. In 2004, Gennette was appointed executive vice president and director of stores at Macy’s Central in Atlanta. During his career, he also served as a store manager for FAO Schwarz and director of stores for Broadway Stores, Inc. From February 2006 to February 2008, Gennette served as chairman and chief executive officer of Seattle-based Macy’s Northwest. February 2008 to February 2009 brought him back to San Francisco as chairman and CEO of Macy’s West.

It’s a very meaningful day for me as I take on the leadership of the company I’ve worked for and the colleagues I’ve worked with for more than 30 years. I’m honored to be taking on this role and excited about Macy’s prospects. While we certainly have our challenges, we also have great assets and opportunity. No company is better up to the task of re-invention than Macy’s,” said Gennette. “I want to personally thank Terry Lundgren for his leadership, his mentorship, and the support he has shown me over my career at Macy’s. Terry is a legend in retail and no one could have asked for a better teacher.

Jeff Gennette was elected president and chief executive officer on March 23, 2017. Prior to CEO, Gennette was president of Macy’s, Inc. since March 2014. Previously, he was the chief merchandising officer of Macy’s, Inc. (formerly known as Federated Department Stores, Inc.), a position to which he was appointed in February 2009.

Marna C. Whittington, Macy’s, Inc. lead independent director, added, “Jeff is an extremely talented executive who has had an enormous impact on the Macy’s, Inc. organization over his tenure. We are confident that he will be a strong leader, guiding the company on the path to growth and increasing shareholder value. On behalf of the entire board of directors, I also want to thank Terry for his outstanding leadership. We are happy to continue our partnership with him in his role of executive chairman.”

erry J. Lundgren - Executive Chairman, Macy's, Inc. and Chairman of the Board of Directors (Photo Credit - Business Wire)

Terry J. Lundgren – Executive Chairman, Macy’s, Inc. and Chairman of the Board of Directors (Photo Credit – Business Wire)

Terry Lundgren is executive chairman of Macy’s, Inc. and chairman of the board of directors, roles to which he was elected on March 23, 2017. Previously, Lundgren was chairman and chief executive officer of Macy’s, Inc. since January 2004, and also served as president and CEO from February 2003 to March 2014. Prior to 2003, he served as president and chief merchandising officer since May 1997.

Lundgren began his retailing career in 1975 as a trainee with Bullock’s, a Los Angeles-based division of Federated. He held positions of increasing responsibility over the next decade in buying, store management, human resources and senior-level store management, as well as serving as the division’s director of stores. Lundgren was named senior vice president and general merchandising manager of Bullock’s in 1984. In 1987, he was named president and chief executive officer of Bullocks Wilshire, then an upscale chain of specialty department stores owned by Federated.

Lundgren left Federated in 1988 to join Neiman Marcus, where he served as executive vice president and shortly thereafter was named chairman and chief executive officer. He returned to Federated in April 1994 as chairman and chief executive officer of the Federated Merchandising Group.

Target Reveals Design Elements of Next Generation of Stores

First, fully reimagined store to open this fall in Houston market, with plans to roll out new elements of design to hundreds more

Target Corporation today unveiled design elements for the company’s most ambitious store re-design to date, with plans for the first fully reimagined store to open in the Houston suburb of Richmond near Grand Parkway Southwest in Aliana’s Market Center From the stage at Shoptalk, the retail and e-commerce event held in Las Vegas, Target’s chairman and CEO Brian Cornell introduced Target’s newest store redesign plans as part of the company’s commitment to invest billions of dollars over the next three years to reimagine hundreds of existing stores.

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The inspiration entrance features displays of exclusive brands and inspiring seasonal moments. (Photo: Business Wire)

With our next generation of store design, we’re investing to take the Target shopping experience to the next level by offering more elevated product presentations and a number of time-saving features,” said Cornell. “The new design for this Houston store will provide the vision for the 500 reimagined stores planned for 2018 and 2019, with the goal of taking a customized approach to creating an enhanced shopping experience.”

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Elevated, cross-merchandise product presentations will amplify Target’s exclusive style assortment across various departments. (Photo: Business Wire)

The Next Generation of Target’s Store Design

In October, Target will open its first fully reimagined store 35 miles southwest of Houston. There, the new 124,000 square-foot store will offer guests the newest shopping experience as Target evolves its stores.

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New for Target, curved, more circular center aisles will feature merchandise displays to engage guests with compelling products in unexpected places. (Photo: Business Wire)

In addition to the Houston location, 40 additional stores will receive elements of Target’s next generation re-design when they are updated in October 2017. Guest feedback and learnings from this new design will influence Target’s customized approach to the 500 stores being reimagined in 2018 and 2019. Continue reading