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Apple Opens New Store Inside Historic D.C. Library

Cupertino, Calif.-based tech giant Apple has introduced its newest retail space inside Washington, D.C.’s Carnegie Library. The city’s first public library and its first desegregated building maintains its Beaux-Arts façade, while receiving an interior update. Dezeen reports that Apple’s design team collaborated with Foster + Partners on the design of the new retail space, which is now the company’s 13th “town square” store concept.

The $30 million revamp of the library includes the development of a double-height central space illuminated by a new skylight. Natural light pours directly upon Apple Carnegie Library’s Forum space, which will host rotating exhibitions and performances. The store also includes a grand staircase that leads visitors to the D.C. History Center on the second floor, as well as to the Carnegie Library in the basement, which highlights the origin and history of the landmark.

The post Apple Opens New Store Inside Historic D.C. Library appeared first on design:retail.

Walgreens and Kroger Named Founding Retailers with Loop

The circular shopping system Loop has kicked off its pilot program in Mid-Atlantic markets including New York, New Jersey, Pennsylvania, Maryland and Washington, D.C. Deerfield, Ill.-based pharmacy Walgreens and Cincinnati-based grocer Kroger have both been named the program’s founding retailers.

Previously announced at the World Economic Forum in January, Loops allows customers to consume a variety of common products from leading brands in custom packaging. Delivered in reusable shipping tote bags, the products are collected, cleaned, refilled and reused once customers are finished.

“Kroger’s commitment to embrace innovation on our path to ‘Zero Hunger | Zero Waste’ aligns perfectly with Loop’s mission to create a convenient circular packaging solution for consumers,” says Jessica Adelman, Kroger’s group vice president of corporate affairs. “We believe in giving our customers sustainable packaging choices they can feel good about. As the exclusive grocery retail partner for Loop in the United States, Kroger is taking another big step toward a world with zero waste.”

“Walgreens is excited about this opportunity to help consumers purchase sustainably packaged products and contribute to a healthier planet,” adds Lauren Brindley, Walgreens group vice president of beauty and personal care. “Innovative collaborations with partners like Loop are critical to solving the complex issue of reducing single-use plastics. Our customers look to us to innovate so that together we can reduce waste and increase re-use.”

The post Walgreens and Kroger Named Founding Retailers with Loop appeared first on design:retail.

The Art Shoppe to Close in Toronto

Famed luxury furniture and accessories retailer The Art Shoppe has announced plans to shutter its 70,000-sq.-ft. showroom in Toronto’s Castlefield Design District. The announcement arrives as part of a strategic reassessment for the company. As the store embarks on store-closing sales, Art Shoppe design teams will continue to work with existing and new clients on custom orders. Deliveries will also be honored as long as the store is operational.

“Our family has always focused on providing white-glove service and curated collections in every style, from modern, traditional and mid-century, to Art Deco,” says Carolyn Offman, granddaughter of the company’s founder Leon Offman. “We’re now re-evaluating how e-commerce, demographic shifts and real estate trends should shape our future strategy.”

The post The Art Shoppe to Close in Toronto appeared first on design:retail.

Stein Mart to Add Amazon Lockers

Jacksonville, Fla.-based department store Stein Mart has announced plans to install Amazon Hub Lockers across nearly 200 stores in 28 states. The self-service kiosks will allow shoppers to retrieve items purchased on Amazon.com during Stein Mart store hours. The rollout is expected to take place in early June.

Stein Mart operates 283 stores across 30 states.

The post Stein Mart to Add Amazon Lockers appeared first on design:retail.

Tod’s Launches New Retail Concept at Hudson Yards

Italian luxury footwear brand Tod’s has unveiled Tod’s Library, the latest retail concept to arrive at The Shops and Restaurants at Hudson Yards in New York. The 1,600-sq.-ft. store, the company’s 14th overall, is crafted by designer India Mahdavi to facilitate speedier transactions, while also evoking a refined flair. Enormous glass doors accented with leather handles welcome visitors into the store where natural materials abound. WWD reports that marble floors, polished concrete walls and teak shelving are featured inside along with stainless steel tables topped with white travertine. A large bookshelf equipped with a rolling ladder serves as the focal point of the interior as well.

Tod’s is expected to open an additional Manhattan location in the near future.

The post Tod’s Launches New Retail Concept at Hudson Yards appeared first on design:retail.

Tom Ford to Open Two New Locations

New York-based fashion brand Tom Ford has announced plans launch two new boutiques at The Galleria in Houston, Texas, and Phipps Plaza in Atlanta. The Houston location will total 4,000 sq. ft. alongside units from Chanel, Valentino, Louis Vuitton and Saint Laurent. The Atlanta outpost will be spread across 4,500 sq. ft. beside newly expanded Gucci and Jeffrey stores.

Both outposts are slated to debut by the 2019 holiday season.

The post Tom Ford to Open Two New Locations appeared first on design:retail.

Tight Labor Markets, Materials Prices Drive Construction Costs Higher in May, IHS Markit Says

Dateline City: New York Multimedia Contacts All Industries
IHS Media Relations, +1 303 305 8021
press@ihs.com
or Economics & Country Risk; Healthcare & Pharma
Katherine Smith, +1 781 301 9311
katherine.smith@ihsmarkit.com

U.S. construction costs increased for the 31st consecutive month in May on increases in both labor and materials prices, according to IHS Markit (Nasdaq: INFO) and the Procurement Executives Group (PEG). The current headline IHS Markit PEG Engineering and Construction Cost Index registered 63.8 this month, a slight uptick from April’s reading of 58.2. The materials and equipment index rose to 65.4 in May while the subcontractor labor index also increased, hitting 60.1.

Language: English

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IHS Markit and Informa to Exchange Business Units

Dateline City: LONDON

Informa Agribusiness Intelligence to be transferred in full to IHS Markit and the majority of the IHS Markit TMT business to be transferred to Informa

LONDON--(BUSINESS WIRE)--IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, and Informa (LSE: INF.L), the international exhibitions, events, information services and scholarly research group, today announced the exchange of the majority of the IHS Markit Technology, Media and Telecoms (TMT) intelligence business for Informa’s Agribusiness Intelligence group.

Language: English Contact:

News Media:
Timothy Barello
IHS Markit
+1 646 679 3463
timothy.barello@ihsmarkit.com

Investor Relations:
Eric Boyer
IHS Markit
+1 303 397 2969
eric.boyer@ihsmarkit.com

Ticker Slug: Ticker: INFO Exchange: NASDAQ @IHSMarkit

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Alternative Data Provides Significant and Sustainable Investing Edge, Reveals Greenwich Associates Research

Dateline City: LONDON

Half of investment managers surveyed currently use alternative data, with another quarter planning to do so in the next 12 months

LONDON--(BUSINESS WIRE)--71% of asset managers believe that using alternative data gives them an investing edge over competitors, according to a new study by Greenwich Associates commissioned by business information provider IHS Markit (Nasdaq: INFO).

74% of firms surveyed agreed that alternative data is starting to have a big impact on institutional investing, demonstrating its valuable explanatory power to both quantitative and fundamental investment models.

Language: English Contact:

News Media:
Alex Paidas
IHS Markit
+1 212 205 7101
alex.paidas@ihsmarkit.com

Press Team
+1 303 858 6417
press@ihsmarkit.com

Ticker Slug: Ticker: INFO Exchange: NASDAQ

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Dressbarn to Shutter Entire Retail Footprint

Mahwah, N.J.-based women’s clothing retailer Dressbarn is set to shutter all of its nearly 650 locations. CNBC reports that the closures are not yet scheduled and that shoppers will still have access to Dressbarn in-store and online. The company will continue to flesh out a specific timeline for closures and an operational slowdown.

Dressbarn parent company Ascena Retail Group also oversees apparel retailers as Ann Taylor and Loft.

The post Dressbarn to Shutter Entire Retail Footprint appeared first on design:retail.

Urban Outfitters to Launch Clothing Rental Service

Philadelphia-based lifestyle retailer Urban Outfitters has revealed plans to introduce a clothing rental service beginning this summer. Business Insider reports that the company will unveil a new business known as Nuuly to operate its rental platform. For a monthly fee of $88, shoppers will be able to rent clothing and accessories from Urban Outfitters as well as its Anthropologie and Free People brands.

The post Urban Outfitters to Launch Clothing Rental Service appeared first on design:retail.

Bandier Opens West Coast Flagship

New York-based apparel retailer Bandier has added a new West Coast flagship to its retail portfolio in Los Angeles. Located on Melrose Avenue, the versatile store is now the company’s largest, totaling 8,800 sq. ft. according to WWD. In addition to retail, the first floor houses a Coffee Dose café, while footwear, accessories and a fitness studio are housed across the second level. The third floor serves as an event space.

Bandier also operates stores in New York and Dallas.

The post Bandier Opens West Coast Flagship appeared first on design:retail.

Lindsey Adelman Launches New Showroom

New York-based lighting designer Lindsey Adelman has introduced a new showroom in the SoHo section of Manhattan. The 5,000-sq.-ft. space showcases a decade’s worth of lighting designs in the same building that houses Adelman’s current studio and offices. Flexible lounge and seating areas are configured across the showroom to highlight the natural complement of each light fixture to livable spaces.

“Now more than ever, having more space, we’re really able to serve our audience at a much higher level,” Adelman says.

The post Lindsey Adelman Launches New Showroom appeared first on design:retail.

DOE Asst. Secretary for Fossil Energy, Steven Winberg, to Speak at Global Plastics Summit, June 5, 2019, in Houston, IHS Markit Says

Dateline City: HOUSTON Contacts Chemicals; Energy; Natural Resources
Melissa Manning, +1 832 458 3840
melissa.manning@ihsmarkit.com

Winberg to discuss economic opportunities in petrochemicals driven by shale revolution and natural gas development

HOUSTON (May 20, 2019) – Office of Fossil Energy Assistant Secretary Steven Winberg will deliver a keynote presentation on U.S. fossil energy innovation and opportunities at the Global Plastic Summit, Wednesday, June 5, 2019, in Houston.

Language: English

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Last Chance to Register: design:retail HONORS

Registration remains open for the 2019 design:retail HONORS, which will take place tonight, May 20, at The Gallery at Dream Downtown in New York. The annual event recognizes the industry’s most promising future leaders alongside the most highly esteemed visionaries. To RSVP, click here.

The programming includes an awards ceremony for 40 Under 40 honorees as well as the presentation of the prestigious Markopoulos Award to Dan Evans.  

design:retail HONORS Awards and Reception is a private, sponsored event. Vendors—including manufacturers, distributors, dealers, advertising and branding agencies—are only permitted to attend as sponsors of the event.

The post Last Chance to Register: design:retail HONORS appeared first on design:retail.

Valextra Store Receives Facelift in Milan

Milanese luxury handbag brand Valextra has unveiled a refresh of its hometown flagship. Overhauled by British architect, John Pawson, the boutique on Via Manzoni serves as a blend of minimalism, modern elegance and subdued luxury.

Dezeen reports that the interiors have been updated with simple plaster surfaces as well as gray stone floors to establish a gallery-like atmosphere. A restrained color palette allows for a flexible backdrop that lets the bags on display shine across three rooms. Portions of the suspended ceiling are also cut away to form faux skylights to dramatically illuminate displays below.

The post Valextra Store Receives Facelift in Milan appeared first on design:retail.

The Children’s Place Reveals to Restrategize Retail Fleet

Secauscus, N.J.-based retailer The Children’s Place has announced that it will add roughly 25 new locations to storefronts left vacant by rival Gymboree. Ten of the 25 new stores will be rolled out this year. USA Today also reports that The Children’s Place will close an additional 40 to 45 stores this year as part of efforts to shutter 300 stores by 2020.

The Children’s Place operates a footprint of 971 locations across the United States, Canada and Puerto Rico.

The post The Children’s Place Reveals to Restrategize Retail Fleet appeared first on design:retail.

Away to Roll Out 50 Stores

New York-based luggage brand Away has announced plans to expand its brick-and-mortar presence with the launch of 50 stores over the next three years. Adweek.com reports that the company has experimented with both permanent and temporary retail spaces, including a New York pop-up last year that retailed localized merchandise. Away will approach its retail expansion as an expansion of the brand experience as opposed to simply expanding a selling channel.

The post Away to Roll Out 50 Stores appeared first on design:retail.

Roots to Launch Largest Location in Chicago

Toronto-based lifestyle brand Roots is set to unveil the largest store in its footprint later this month in Chicago. Located on North Michigan Avenue, the store is expected to total 11,450 sq. ft. and two floors, according to WWD. The forthcoming outpost will be the company’s eighth in the United States. The new location will also feature a Salt & Pepper Sweat Bar at the entrance where visitors can customize signature salt-and-pepper sweats. A leather workshop known as the Leather Lounge will also be featured alongside a 1,000-sq.-ft. communal Rec Hall, which will serve as a rotating performance space.

Roots operates a retail fleet of nearly 300 stores across Canada, China and Taiwan.

The post Roots to Launch Largest Location in Chicago appeared first on design:retail.

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