Amazon will start selling Kindles, Echoes and other gadgets at in-store kiosks in 10 Kohl's stores in Chicago and Los Angeles today. The stores will also start accepting returns of online purchases by Amazon shoppers, as part of a partnership that began in the spring.
Canadian real estate investment firm Brookfield Asset Management will acquire the top seven floors of Macy's 14-story flagship on Chicago's State Street, with plans to turn them into office space, sources said. The building takes up an entire city block and Macy's will continue to operate its department store and restaurant in the lower half.
Bed Bath & Beyond bought the Harmon beauty retail chain in 2002 and recently renamed the growing division as Face Value and Beyond. The newest of the division's 55 stores opened on New York City's Upper West side, with a mix of beauty brands and home goods.
Duemmei, the Italian parent of luxury fashion brand Mr & Mrs Italy, will sell a one-third interest in the company to Chinese private-equity firm Hony Capital. China brings in nearly a third of the world's luxury sales, and the sector is growing again after a government crackdown led to a slowdown.
Target will open about 12 small-format urban stores this week in high-profile cities including Chicago, New York City, Philadelphia and Los Angeles. A store slated to open in the Uptown neighborhood of Minneapolis will offer goods and amenities aimed at young professionals, including organic groceries, workout wear and a Starbucks.
Tommy Hilfiger will debut a line of clothing for disabled adults, with features that make getting dressed easier. The line will include more than 70 styles for men and women.
Property owners in Brooklyn, N.Y., don't seek out national credit tenants to fill vacancies but are focused on bringing in trendy brands that help create an authentic Brooklyn experience. National retailers still fit, but only if they open new concepts, such as BMW's A/D/O that is a design incubator rather than a typical showroom.
Amazon has won contracts to install package lockers at complexes across the country that have a total of more than 850,000 apartments. The Hub by Amazon lockers will be available only to residents and will handle packages from all carriers and sellers, including Amazon.
Amazon has leased the top six floors of the Macy's flagship in downtown Seattle, where its 312,000 square feet will be big enough to house around 1,500 staffers. Macy's will continue to operate its store, which today takes up the ground floor and basement of the building.
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