Page 10 - September 2020

americas news inbrief

GAW CAPITAL AND DJM ANNOUNCE A NEW NANAMICA NOW OPEN IN

VISION FOR HOLLYWOOD & HIGHLAND NEW YORK CITY TARGET ADDS PICK-UP ITEMS
Discount giant Target has expanded the
availability of fresh and frozen grocery items for
Gaw Capital USA, a Hong Kong and Los Angeles-based real Last month on 23 August, nanamica opened in-store and online pick-up. The retailer now
estate private equity firm, together with DJM, a San Jose and Los its first store outside of Japan in SoHo, New offers these grocery products in its buy-online-
Angeles-based private equity real estate developer have unveiled York at 125 Wooster Street. The store was pickup-in-store and curbside pick-up services
their vision and plans for the famed shopping centre at Hollywood due to open in April but was pushed back at 1,500 stores across the country, representing
& Highland, which includes a major design update and new name, because of the Covid-19 pandemic.The nearly 85 per cent of its locations.
Ovation Hollywood. brand opened it’s first store in Tokyo in
With its new identity, the property is to be repositioned as the October last year.
spirit of Hollywood, capturing both the city’s unrivaled optimism, The new unit houses a limited selection TRAVEL RETAILER ADDS STORE
hustle and global influence. Moving away from outdated architecture, of The North Face Purple Label, nanamica’s Love’s Travel Stops has opened its largest
an uninspired project identity and confusing layout, the revamped collaboration line with The North Face. location to date. The travel-stop retailer, which
Ovation Hollywood will reflect the modern-day global city. The store is designed in collaboration serves professional truck drivers and motorists
“Hollywood is as much an idea as it is a place,” says Stenn Parton, with Japanese architect, Taichi Kuma and in alike, opened a 17,000sq ft space in Madison,
Chief Retail Officer at DJM. “The idea of Hollywood is optimism the image of a “beach house,” expressing Georgia. The location is open 24/7 and features
- dreams and ambitions feel more tangible when you’re here. Our the free and relaxed feeling of the seaside, its “Fresh Kitchen” concept.
reimaging of Hollywood & Highland into Ovation Hollywood is but with a distinctly Japanese aesthetic
about creating a place that captures this idea.” sensibility, meaning the true highlight is the
nanamica products. ZAPPOS TO OPEN IN BIG APPLE
According to the New York Post, Zappos is
REVITALISED PAYLESS TO OPEN 300 setting up shop in New York City. The Amazon-
owned online shoe retailer has leased a space
TO 500 STORES IN NEXT FIVE YEARS in the Union Square area of Manhattan that
was previously home to American Eagle and its
concept store spinoff, AE Studio.
Payless is back in business in North America - home to the brand’s new headquarters. The
with a modified name and big store expansion company intends to open 30 to 45 stores in
plans. The discount footwear retailer, whilch the region by the end of next yearm reported BRAND AVOIDS LIQUIDATION
filed for bankruptcy protection in February Women’s Wear Daily. The nearly 50-year old kitchenware retailer Sur
2019, and went on to close its 2,500 stores Payless’ new strategy is being led by CEO La Table, which filed for bankruptcy in July has
and e-commerce operations in North Jared Margolis, who heads up the company’s avoided liquidation. The company has been sold
America, has re-entered the market. new management team, which was appointed for nearly $89M to a joint venture between
Formally dropping “Shoesource” from in January. He previously served as president e-commerce investment firm CSC Generation
its brand name, Payless has launched a new of CAA-GBG, which was the largest licensing and Marquee Brands LLC.
e-commerce platform featuring private agency in the world and a joint venture
label and brand names and has a new retail between Global Brands Group and Creative
prototype in the wings. Artists Agency. PANERA BAKES UP NEW OFFER
Payless said it is re-emerging in the North “We saw an opportunity for the brand Panera Bread is introducing a new contactless
KRISPY KREME IS ABOUT TO OPEN UP FOR BUSINESS IN TIMES SQUARE - 24 HOURS A DAY, SEVEN DAYS A WEEK. THE COMPANY’S BIG APPLE OUTPOST, ON BROADWAY AND 48TH delivery service in partnership with Postmates.
STREET, WILL DEBUT ON TUESDAY 15 SEPTEMBER. THE 4,500SQ FT STORE WILL FEATURE THE WORLD’S LARGEST “HOT LIGHT” IMMERSIVE AND INTERACTIVE DIGITAL EXPERIENCES American market with a new omni-channel to relaunch into the US, providing our
AND EXCLUSIVE MERCHANDISE AS WELL AS THE BRAND’S ICONIC DOUGHNUTS. THE OPENING OF THE FLAGSHIP, WHICH IS EXPECTED TO SERVE MORE CUSTOMERS ANNUALLY approach, both online and in-store. As part of community with the affordable, value-driven To celebrate the new partnership, Panera and
THAN ANY OTHER KRISPY KREME LOCATION IN THE WORLD, HAD BEEN SCHEDULED FOR MAY, BUT IT WAS PUSHED BACK DUE TO THE PANDEMIC. its new strategy, the retailer has set a goal products they’ve always searched for, now Postmates launched a “Food Mood” promotion
of opening 300 to 500 freestanding stores across multiple categories, at a time when featuring Postmates’ virtual “Food Mood”
AUTHENTIC BRANDS FOREVER 21 IN UNUSUAL across North America during the next value couldn’t be more critical. Payless is for ring which determined a surprise offer. The
promotion ran from 14-16 August.
five years, beginning with the launch of the
everyone, and now more than ever, the world
BUYS RETAIL BRAND COLLABORATION prototype in late fall in Miami, which is also needs to pay-less.”
DICK’S OPENS 11
The retail portfolio of the joint venture between Simon Property The fast-fashion retailer Forever 21 has an unlikely new partner
Group and brand management company Authentic Brands continues after it teamed up with 7-Eleven for a limited time, online-only STORES IN AUGUST
to expand. collection of merchandise themed around the conveneince
The joint venture, Sparc Group, has obtained court approval for store chain’s popular Slurpee and Big Gulp drinks.
its purchase of Lucky Brand Dungarees, which filed for bankruptcy The colouful, 16-piece F21X7ELEVEN collection includes Last month, the largest sporting goods retailer
at the beginning of July. The purchase price was $140.1 million. The cropped and regular t-shirts and hoodies, and fleece for the in the US opened 11 new stores. Dick’s Sporting
approving offer came on the same day that Sparc, after upping its fall. It features nostalgic renditions of the conveneince store Goods opened four namesake locations and one
offer to $325M, was the successful bidder for Brooks Brothers. retailer’s most iconic logos on backgrounds of various colours. combination Dick’s and Golf Galaxy store.
Under the terms of the agreement, ABG-Lucky LLC, a newly formed Retail prices for the collection range from $15 to $35. Along with these locations, they also opened
subsidiary of Authentic Brand Group will acquire the intellectual “For over 90 years, 7-Eleven has been an integral part of five Dick’s Sporting Goods Warehouse Sale
property assets of Lucky. Other brands previously acquired by Sparc American life,” said Forever 21’s Global Creative Director clearance outlets and one Overtime by Dick’s
include Aéropostale, Forever 21 and Nautica. Joanna Choo. “It is a modern breathing brand, but also a Sporting Goods locations.
Lucky Brand, which was owned by Leonard Green & Partners, had nostalgic phenomenon for many. Forever 21 echoes this mindset The new overtime by Dick’s format will offer
been working to restructure its retail operations and refinance debt by presenting a collab for its customers that pays homage to an expansive assortment of apparel, footwear
before the pandemic struck. As of May, the company operated 112 everyone’s favourite memory of being out, but staying close to and equipment from familiar name brands, up to
stores and 98 outlet locations in North America. home and finding comfort in the little things.” 90 per cent off regular prices.

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