Kendall Village Associates has secured a $60 million refinance loan for Kendall Village Center in Miami from Ocean Bank. The 256,000-square-foot property has 13 buildings.
Gymboree has unveiled a reinvented line of kids' fashion offerings, created new websites for its brands and is rolling out an augmented reality mobile app this week. The retailer emerged from bankruptcy reorganization in September after closing around 360 stores, and it now operates 940 locations in the US and Canada.
UK retailer John Lewis will revamp 15 of its stores, with special attention on services such as personal styling and classes. The London flagship will feature upgraded women's fashion and footwear departments, as well as a cinema space and rooftop bar.
British grocer ASDA is expanding its tech capabilities with help from new measures developed by US-based parent Walmart. ASDA is innovating in several areas including search capabilities, digital loyalty programmes and voice-enabled shopping.
Consumers considering replacing big-ticket items such as washing machines and televisions are shopping now to avoid tariffs set to take effect on imports in the coming months. A survey shows 38% of respondents were worried about negative effects from the Trump administration's new tariffs on imports in June, compared with 15% the previous month.
Amazon reported high sales volume in the first hour of its 36-hour Prime Day sale, which began at 3 p.m. EDT Monday, but shoppers overloaded the site and many visitors saw error messages instead of merchandise. The event is forecast to bring in about $3.4 billion in sales this year, compared to $2.4 billion last year, according to Coresight Research CEO Deborah Weinswig.
The Roberto Cavalli Group recently opened its first branded store in Germany, a 2,476-square-foot Berlin flagship with a range of goods including fashions and home goods. The store's design was inspired by the brand's Florentine roots, and the style will be recreated in upcoming stores in China and Milan.
Some 83% of retailers said they expect to open new locations in Hong Kong in the coming year, according to a JLL survey. Hong Kong's retail sales grew 12.9% in May, fueled largely by Chinese tourists' strong spending on luxury goods.
Delivery service DHL has teamed with MallforAfrica to debut an e-commerce site where African artisans can sell their fashions, jewellery and other goods internationally. The MarketPlace Africa site is available to consumers in the 220 countries where DHL operates.
While the time-honored tradition of picking out new backpacks and lunch boxes and planning first-day outfits may be the same, the way consumers approach shopping for the back-to-school season has changed. NRF's head of consumer research Katherine Cullen explains how events like Prime Day have influenced consumer shopping habits. Read more.
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