Apple's new flagship on Chicago's Michigan Avenue is encased in glass walls 32-feet high that offer a clear view of the Chicago River. "We really wanted to create the ultimate Town Square for Chicago and for the Midwest," Apple Retail Chief Angela Ahrendts said.
French luxury brand Louis Vuitton has acquired a 256-acre parcel in Keene, Texas, to build its first US factory. The 100,000-square-foot facility will produce purses and luggage and promises to bring between 100 and 500 new jobs to the 6,000-person town.
Baltimore-based workout wear brand Under Armour is launching a subscription service dubbed ArmourBox, which will offer free shipping and won't charge a monthly fee. Stylists will choose up to six pieces of gear based on customer information, and customers will get a 20% discount if they decide to buy all of the pieces in a box.
Selfridges unveiled Christmas windows at its London flagship this week featuring a series of parade floats that celebrate elements of the three British cities where the retailer operates department stores. The company will debut a second set of holiday windows in November, when it will also unveil plans for an expansion of its accessories hall.
Uniqlo is seeking a second site in downtown Vancouver after opening its first store there earlier this month, chief executive Tadashi Yanai said. All of the Canadian stores to date have opened in malls, but the Japan-based fast-fashion retailer will consider high street locations in the future, he said.
Target's new small-format store across from Macy's New York City flagship is one of 12 slated to open in the US this week. The store will be open from 7 a.m. to midnight and offer a merchandise mix tailored to commuters and tourists.
Leaders from retailers including Costco Wholesale and Tommy Bahama discussed the disruptive changes taking place in the industry at an event this week. "Retail is simply going through a period of disruption and change akin to a renaissance -- not an apocalypse," SAP executive Lori Mitchell-Keller said.
A growing number of retailers are turning to PayPal as a payment option as they fend off competition from online players, PayPal Holdings CEO Dan Schulman said. EBay spun off PayPal into a separate payment services company two years ago.
Stitch Fix has filed to make an initial public offering of stock, the value of which could hinge on whether investors see the six-year-old online personal shopping service as a retailer or a tech firm. The company, which booked revenue of $977 million in its most recent fiscal year, uses customer data and analytics to help curate fashion selections.
Cainiao Network, the delivery subsidiary of China's Alibaba Group, will open several new automated warehouses across the country, including a flagship in Guangdong province. The logistics facilities are rolling out in advance of the Nov. 11 Singles' Day sales event.
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