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Valentino Readies for Opening in Beijing

Italian luxury brand Valentino is set to add a new flagship location in the Sanlitun section of Beijing in early November. WWD reports that the launch of the 4,500-sq.-ft. boutique will be heralded by an onsite runway show.

Designed by Pierpaolo Piccioli and architect David Chipperfield, the two-story Valentino flagship will be equipped with a sculptural, internal staircase finished with concrete. Three-sided floor-to-ceiling glass windows will infuse abundant natural light to accentuate high ceilings, Carrara columns and terrazzo flooring. Opulent furnishings will include white marble tables, velvet sofa and bespoke light fixtures.

The post Valentino Readies for Opening in Beijing appeared first on design:retail.

Design Within Reach Launches New Outlet

Stamford, Conn.-based modern furniture retailer Design Within Reach (DWR) has launched its newest Outlet location in Yonkers, N.Y. The DWR Yonkers Outlet spans more than 40,000 sq. ft. just north of The Bronx, N.Y. The location showcases samples, overstocked items and customer returns crafted by major manufacturers like Fritz Hansen, Herman Miller and Knoll.

Three additional North American DWR Outlets are operated in Brooklyn, N.Y.; Vero Beach, Fla.; and Oxnard, Calif.

The post Design Within Reach Launches New Outlet appeared first on design:retail.

GameStop Outlines Restructuring, Plans Closures

Grapevine, Texas-based video game retailer GameStop has revealed that it will shutter between 180 and 200 of its stores before the end of this fiscal year. CNBC reports that the closures will take place as part of restructuring efforts by the company to increase profitability by reducing its footprint in select markets. The company also plans to reposition some of its stores to better respond to the growing consumer shift toward digital gaming purchases.

GameStop oversees a fleet of more than 5,700 stores across 14 countries.

The post GameStop Outlines Restructuring, Plans Closures appeared first on design:retail.

U.S. Natural Gas Price Will Fall to Levels Not Seen Since 1970s, IHS Markit Says

Dateline City: WASHINGTON

Oversupply will push average price in 2020 below two dollars per million British Thermal Units (MMBtu), new forecast says

WASHINGTON--(BUSINESS WIRE)--A persistent oversupply of natural gas will drive the 2020 average price at the Henry Hub down (in real terms) to a level not seen in decades, according to new report from IHS Markit, a world leader in critical information, analytics and solutions. The oversupply—to be reinforced by a new surge in associated gas production from the Permian basin—will push the average price down below $2/MMBtu for the year, IHS Markit said. That is the lowest prices have averaged in real terms since the 1970s. In nominal terms, the last time that prices fell below $2 was 1995.

Language: English Contact:

News Media:
Jeff Marn
IHS Markit
+1 202 463 8213
Jeff.marn@ihsmarkit.com

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

Ticker Slug: Ticker: INFO Exchange: NYSE

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IHS Markit Named Market Data Vendor of the Year in Asia Risk Awards

Dateline City: LONDON & HONG KONG

LONDON & HONG KONG--(BUSINESS WIRE)--IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, has been named Market Data Vendor of the Year in the Asia Risk Awards 2019. The program honors high achievers in the fields of risk management and derivatives across Asia.

Language: English Contact:

Patricia Poon
IHS Markit
+852 3726 1000
patricia.poon@ihsmarkit.com

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

Ticker Slug: Ticker: INFO Exchange: NASDAQ

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Neighborhood Goods to Add New Standalone Location

Dallas-based department store Neighborhood Goods has announced plans to grow its footprint with a new store in Austin. Slated to debut in 2020, the announcement of the forthcoming outpost arrives on the heels of acquisition of an additional $11 million in funding in a Series A round. CNBC reports that the company will invest in expanding its staff as well as its digital platforms, and will also pursue methods of expediting the delivery process.

A previously announced location in New York is poised to open before the end of 2019.

The post Neighborhood Goods to Add New Standalone Location appeared first on design:retail.

Tailor House Makes a Good Fit in Miami

A former Miami gallery has been reimagined to serve as Tailor House, the new tailoring concept for men and women in the city’s Design District. Crafted by design studio IG Workshop, the space evokes fashion-forward luxury with sumptuous lines that recall the midcentury styles of London’s Savile Row

Rubbing shoulders with luxury retail storefronts belonging to Louis Vuitton, Gucci and more, Tailor House reflects a retro-style warmth and shows off thoughtful touches like custom millwork and carpeting that accent the inviting atmosphere. Menswear patterns and fabrics punctuate the interior alongside vintage copper elements. Blush and emerald tones infuse an added feminine touch.

The post Tailor House Makes a Good Fit in Miami appeared first on design:retail.

Fred’s Files Chapter 11

Memphis, Tenn.-based discount chain Fred’s has revealed that it will close its entire retail footprint following its Chapter 11 bankruptcy filing. Although the company previously oversaw a fleet of some 550 stores earlier this year, only about 300 still remain in operation, CNN reports. A timeline of closures has not yet been made public.

Walgreens last year purchased a handful of Fred’s pharmacy patient prescription files and inventory last year. The company said it will continue to fill prescriptions at remaining pharmacy locations as a possible buyer is pursued.

The post Fred’s Files Chapter 11 appeared first on design:retail.

Everlane Adds Brooklyn Store

Online apparel brand Everlane has launched its latest brick-and-mortar outpost in the Williamsburg section of Brooklyn, N.Y. At 4,400 sq. ft., the store is the company’s largest and double the size of its Manhattan unit on Prince Street, Dezeen reports. The white brick storefront reflects Everlane’s understated aesthetic and its 20-foot-tall glazed element allows more abundant daylighting.

A minimalist interior design is expressed through accents of wood fixtures and concrete floors. Gray curtains also partition 12 fitting rooms, while a tree scales the double-height interior as it ascends from a blue-cushioned bench. The rear of the store is dedicated to denim beneath the upper level that showcases Everlane’s menswear products.

Everlane’s Brooklyn location also features a text-to-try-on system that invites shoppers to receive messages when a changing room is available.

The post Everlane Adds Brooklyn Store appeared first on design:retail.

Bergdorf Goodman Introduces BG Radar

New York-based department store Bergdorf Goodman has unveiled its new BG Radar format, which aims to spotlight emerging designers. WWD reports that the new display is housed on the sixth floor and equipped with a colorful, modern aesthetic as well as mixed media that highlights fall 2019 runway shows, look books and campaign imagery of the brands featured. Brands recognized in the maiden BG Radar installation include Deveaux New York, LouLou Studio, Khaite, Sies Marjan, Rotate Birger Christensen, Bernadette, Bode and Coperni.

BG Radar will rotate its lineup of designers on a seasonal basis.

The post Bergdorf Goodman Introduces BG Radar appeared first on design:retail.

Stein Mart Launches Children’s Department

Jacksonville, Fla.-based retailer Stein Mart has announced the launch of Stein Mart Kids, its new children’s department. The new section includes apparel, footwear and toys suitable for a range of ages and sizes. Stein Mart Kids has launched on steinmart.com as well.

Stein Mart operates more than 280 stores across 30 states.

The post Stein Mart Launches Children’s Department appeared first on design:retail.

U.S. Green Building Council Notes High Volume of LEED Certified Retailers

A new report from the U.S. Green Building Council (USGBC) reveals the prevalence of LEED certification for retail spaces worldwide. Entitled LEED in Motion: Retail, the report indicates that more than 12,500 retail outposts across the globe have received LEED certification. Major brands highlighted in the report include Starbucks, TD Bank and 7-Eleven.

“Now, perhaps more than ever before, consumers demand transparency and responsibility from the brands they support,” says USGBC President and CEO Mahesh Ramanujam. “The retail sector is no exception and many retailers recognize the importance of developing healthy, sustainable spaces that both delight their customers and support the larger community. LEED provides these businesses with a powerful tool to meet their commitments and to attract consumers.”

Additional research from the Retail Industry Leaders Association reveals that 93 percent of global consumers expect their brands to support social and environmental issues. According to the research, an estimated 68 million adult Americans base their purchases on their values and are willing to spend up to 20 percent more on environmentally sound products.

The post U.S. Green Building Council Notes High Volume of LEED Certified Retailers appeared first on design:retail.

Aging US Waterways Transport System Key to Competitiveness for US Economy and Farmers, but Lack of Investment Threatens $72 Billion in GDP Growth, IHS Markit Says

Dateline City: HOUSTON

More than $6 billion in improvements needed for US waterways to compete with expanding Brazilian agricultural exports

HOUSTON--(BUSINESS WIRE)--U.S. farmers have enjoyed a competitive advantage in accessing the global export market with their products, but continued underinvestment in the aging inland waterways system will limit U.S. agricultural exports, and during the next 25 years, could put more than $72 billion in additional GDP and 77,000 new jobs at risk, a new report from Agribusiness Intelligence found.

Language: English Contact:

News Media

Melissa Manning
IHS Markit
+1 713 906 2901
melissa.manning@ihsmarkit.com

Liz McCarthy
IHS Markit
+44 20 7017 4215
Liz.McCarthy@ihsmarkit.com

Ticker Slug: Ticker: INFO Exchange: NYSE @IHSMarkit_News

Continued under-investment in aging inland waterways system will limit U.S. #agricultural exports, and could put more than $72 billion in additional GDP and 77,000 new jobs at risk, a new report for #USDA from #Agribusiness Intelligence #IHSMarkit found.

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Visual Merchandising Program of the Year: Anthropologie

Telling great stories, keeping it fresh, always thinking outside the (window) box, that’s how Anthropologie consistently manages to turn heads and entice customers through its artful displays. It’s no wonder then why our readers have once again awarded the brand the designation of Visual Merchandising Program of the Year.

“We want to transport our customer to a new location or make her feel like she is living in a bit of fantasy,” says Lance Nguyen, senior visual director of Anthropologie’s storytelling mojo. “We like sharing things that inspire her and want to show her how to use a product in her home the way she wouldn’t have imagined.”

This year, the brand launched its plus-sized line A+ for Anthropologie; expanded into the Middle Eastern market following new stores in Barcelona, Spain, and Dusseldorf, Germany; and, of course, continued in its tradition of supporting important causes. For Pride month, its “All for Love, Love for All” campaign saw bold rainbow window displays. For Earth Day, this year marking 10 years “highlight[ing] the plight of the bee,” Anthropologie incorporated the newly introduced Anthro “A” into the display and branding package as an icon for the company, says Display Director Erika Lavinia.

At Anthropologie, it’s not only the what, but the how that keeps moving forward. In 2019, it has used new methods to showcase products in windows and interiors. “We launched beautiful new mannequins to give the apparel more attitude and continue to add to a modern aesthetic fixture package,” Nguyen says. It also has activated new areas of the stores. “Bringing beautiful seasonal moments into not only our window spaces, but the façades as well,” Lavinia says.

At Anthropologie, it’s about making sure their customers see something new every time they come into the store. We can’t wait to see what’s next!

Photo courtesy of Anthropologie

The post Visual Merchandising Program of the Year: Anthropologie appeared first on design:retail.

Design Firm of the Year: Big Red Rooster, a JLL Company

Key Projects: ALDI, Champion, American Express, Foot Locker, Hudson (San Francisco Airport, LaGuardia, Empire State Building), National Geographic, Whole Foods

Big Red Rooster, a JLL Company, calls itself a multidimensional brand experience firm, creating not only experiential environments, but also events, activations and brand communications for its clients. With a year that included projects for a variety of retailers from grocery to sporting goods, it’s no wonder why our readers chose the Columbus, Ohio-based firm as this year’s Design Firm of the Year.

“We developed an innovation framework grounded in fundamental human needs, rather than trends; the framework allows brands to prioritize strategic investments,” says Aaron Spiess, Big Red Rooster’s executive vice president and founder. This framework is the company’s “6 Dimensions of Brand Experience”—Human, Meaningful, Immersive, Accessible, Intuitive and Personalized—which they developed after surveying 2,000 shoppers nationwide about how a range of retailers were meeting their expectations.

“We work in a fully synergistic model that allows strategy and design to work hand-in-hand throughout the entire work stream,” Spiess says. “We design a seamless experience for the consumer no matter the medium or the obstacles.”

The retail industry seems to change daily, but Big Red Rooster is ready and able to roll with those changes, allowing their clients to adapt, grow and succeed, and offering a global, full-service experience from brand strategy and design to implementation. Spiess says the company has evolved its service offering to adapt to the full ecosystem of retail, including new concepts, new formats, pop-up spaces, events, brand activations, programming, digital integration and more.

With the latest buzzword being “experience,” Big Red Rooster is looking forward to the future. “Experience is the key differentiator; in order to win, brands must invest in experience,” Spiess says. “This often requires evaluating the portfolio strategy holistically as it pertains to experience. They must also design and construct these experiences to be hyper-relevant to today’s consumer.”

Photo courtesy of Champion

The post Design Firm of the Year: Big Red Rooster, a JLL Company appeared first on design:retail.

Iconic Apple Cube Returns to Fifth Avenue

Cupertino, Calif.-based tech giant Apple has heralded its impending return to its original Fifth Avenue location in New York with the unveiling a reimagined glass cube. The 24-hour subterranean store, which previously attracted visitors with an iconic, clear cube, was temporarily relocated to an outpost nearby while renovations began. Apple claims the space will be reconstructed to double its previous footprint, but an official reopening date has not yet been announced, Quartz reports.

The post Iconic Apple Cube Returns to Fifth Avenue appeared first on design:retail.

Lanvin Launches New Retail Concept in New York

Parisian fashion label Lanvin has introduced its first New York concept in eight years on Mercer Street in SoHo. The 3,000-sq.-ft. retail space is crafted to convey a youthful spirit per the design conceived by newly anointed creative director Bruno Sialelli. According to WWD, the light interior is designed to highlight the contrast between original details like exposed brick walls and new elements like a towering entry ramp that injects a perceptual deprivation as it guides shoppers to the main selling area. The new store is also punctuated with a mural from artist Luke Edward Hall that depicts scenes from ancient Greece.

Sialelli also revealed that existing locations in the Lanvin fleet will be updated in the near future.

The post Lanvin Launches New Retail Concept in New York appeared first on design:retail.

New Retail Experience Debuts at Warner Bros. London

A new retail and dining experience has debuted as part of the Warner Bros. Studio Tour London—The Making of Harry Potter. Executed by Lumsden Design, the new venue expands the onsite retail space from 6,000 sq. ft. to 9,000 sq. ft., while three new eateries inspired by the films of Harry Potter have also been added.

Known as The Hub, the new lobby and entry area for the structure reconfigures retail as a series of shop-in-shops reminiscent of the Diagon Alley retail corridor of the films’ universe. Outfitted with vaulted ceilings and a 16-ft.-high stained glass window recycled from a Harry Potter set, the fleet of shops includes a digital window and product demonstration area detailed to resemble the wand shop Ollivanders. The retail experience culminates with a gallery and collectibles space dedicated to the character of Albus Dumbledore. Modeled to mirror the character’s office in the films, the space is anchored by an authentic orrery prop from the Astronomy Tower set.

“It was important to give new fans a sense of wonder and create memories they can grow up with. Likewise, for lifelong fans who grew up with the books and film series and are now seeking ‘Harry Potter’ babygrows for their own families, we wanted to give the chance to form new memories and experiences,” says James Dwyer, design director for Lumsden.

The post New Retail Experience Debuts at Warner Bros. London appeared first on design:retail.

Far-Right Extremism and Dissident Republicanism Present Rising Threats to the UK, Says Jane’s by IHS Markit

Dateline City: LONDON

Research from Jane’s Terrorism and Insurgency Centre (JTIC) highlights far-right extremists in the UK and resurgence of the New IRA as sources of domestic threat in the run up to the country’s expected exit from the European Union (EU).

LONDON--(BUSINESS WIRE)--Jane’s Terrorism and Insurgency Centre (JTIC), a product from business information provider IHS Markit (NYSE:INFO), has recorded a total of 34 attacks in the UK between January and July 2019, resulting in one non-militant fatality and 22 non-militants wounded. In the same period in 2018, JTIC recorded 40 attacks, also resulting in a single non-militant fatality, with 13 people wounded.

Language: English Contact:

News Media:

Freya Lewis
Jane’s by IHS Markit
+44 20 3159 3255
freya.lewis@ihsmarkit.com

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

Ticker Slug: Ticker: INFO Exchange: NYSE

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Blow Up Your Map, Blow Up Your Metrics

Emily Albright Miller
Vice President, Strategy
Big Red Rooster,
a JLL company

For decades, retailers have obsessed over sales performance at the individual store level—measuring daily, even hourly, transactional commerce (which usually includes conversion and traffic, too). But footfalls are declining. E-commerce and m-commerce are ever-rising. And digital is influencing and impacting every step of the consumer’s journey. These dynamics are driving retailers to rethink their entire brand strategy and rendering measurements of individual store performance increasingly myopic. As brands continue to evolve—or revolutionize—their retail strategies, a foundational enabler is loosening the confines of dated metrics.

It’s a Map, Not a Metric
Today, commerce can happen anywhere—across a multitude of channels, spaces and times. To maintain (or gain) competitive advantage, retailers must think outside of and beyond the box, measuring something much bigger than any single location: the total market map. At the end of the day (or hour, if they’re tracking same-store sales that frequently), traditional store-based metrics simply cannot successfully measure a holistic, consumer-oriented portfolio strategy. In addition, a market-based approach can provide the context that is critical to today’s commerce—competitive landscapes, market dynamics and changing consumer demographics. Understanding these forces will allow retailers to carefully calibrate against their entire portfolio of experiences, from pop-ups to flagships and everything in between.

Old Metrics ≠ Next-Gen Retail
Imagine your retail strategy involves closing one of your average stores and opting to invest in a smaller format in the same market. Traditional retail principles would say that you focus the assortment on top-selling SKUs across categories—in an attempt to maximize sales performance in that single location. A consumer-first portfolio approach, however, might suggest that you narrow to a single category—presenting that product in a way that is the most comprehensive, immersive and attractive to your target audience. This same approach could consider the role of this location in creating consumer-generated digital and social content, showrooming to drive online and mobile sales, and looking at the fulfillment role this location plays. So, even in a scenario where square footage is sacrificed, a portfolio approach can create new awareness, fresh consumer demand, and lift the category’s sales both online and in larger stores. This type of evolved retail strategy requires new, holistic metrics around total market lift and impact to your customer file.

Enabling an Evolved Paradigm
Ask yourself: Are your metrics based on a consumer-first strategy or based on an organizational structure in which each group is responsible for measuring the success of a single channel? Are you efficient in measuring KPIs but, paradoxically, unable to be agile and responsive to the market because of them? Success comes down to fostering a culture that dissolves the silos between marketing and merchandising and finance and operations. And migrating from the traditional, channel-based metrics to a total map-based reality. Only then, when you focus on different KPIs, create alternate approaches to measurement, and define new ways to drive growth, can you create superior brand experiences that perform.

BIO Emily Albright Miller, Big Red Rooster’s vice president, strategy, has been spent the past 18 years designing multichannel campaigns that break through to today’s consumers. Miller’s experience includes leading brand strategy at Victoria’s Secret and Abercrombie & Fitch. Her retail experience combined with her prior digital and branding agency experience have made her a thought leader in the consumer marketing space.

The post Blow Up Your Map, Blow Up Your Metrics appeared first on design:retail.

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