Macy's Manhattan Getting Vuitton, Gucci, Longchamp and Burberry Boutiques

Image courtesy of Macy's
A retail insider just provided us details on the new 'luxury floor' opening November 2012 inside the Macy's flagship store in Manhattan. The space will actually be three levels and 19,000 square feet, including the street level, second-floor and a to-be-constructed mezzanine.

The four shops will be on the Broadway side of the store.The space will house the following:

1) An 8,500 square foot, three-level Louis Vuitton boutique at the corner of 34th St. and Broadway, including bags, shoes, and luggage,

2) A 6,200 square foot, three-level Gucci boutique at the corner of 35th St. and Broadway, carrying shoes and accessories for men and women,

3) A 1,500 square foot, two-level Longchamp boutique with accessories inside Macy's opposite Vuitton and

4) A 3,600 square foot, three-level Burberry boutique with accessories and rainwear for men and women opposite Gucci.
Rendering of new Macy's luxury floor, coursey of Macy's/Studio V
Luxury accessories shops inside of department stores have become a successful trend in the past few years, replicated throughout the world. Our favorites are at Printemps in Paris and Selfridge's in London. Watch for this strategy to continue to play out in department stores throughout the world.

Previously, we reported on Macy's $400 million renovation of its Manhattan flagship, including the 'world's largest' shoe floor. These luxury shops further solidify Macy's efforts to take the store more upscale.

Given that this website is becoming Canadian-focussed (we live in Vancouver, BC), we'll be providing updates on a similar strategy playing out with Canada's Hudson's Bay Company. Their flagship store on Queen Street in Toronto already has Burberry and Coach accessories boutiques, and the Vancouver, Montreal and Toronto stores will be getting a similar, albeit smaller upscale boutiques on their respective ground floors.

Macy's website: www.macys.com

Louis Vuitton website: www.louisvuitton.com

Gucci website: www.gucci.com

Longchamp website:  www.longchamp.com

Burberry website: www.burberry.com



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Many of North America's Most Productive Malls are in Canada

Caesars Palace Las Vegas. Photo from ExploringLasVegas.com
We're still surprised that many Canadian malls are out-performing American malls' sales per square foot. Vancouver BC's Pacific Centre recently pulled ahead of Las Vegas' Caesar's Palace as the most productive shopping centre in North America (excluding Pacific Centre's 636,000 square foot Sears store that is closing October 7 2012). 

All prices are in Canadian Dollars (which at press time is comparable to the American Dollar). These quotes are 2012 estimates from KPMG. KPMG puts Pacific Centre's 2012 per square foot analysis at $1580/square foot. Las Vegas' Caesar's Palace comes in at about $1470/square foot. 

Here is our list of 'top 15' North American malls and their sales per square foot: 

1. Pacific Centre, Vancouver BC Canada: $1580/sq ft
2. Caesar's Palace, Las Vegas NV USA: $1470/sq ft
3. Toronto Eaton Centre, Toronto ON Canada: $1320/sq ft
4. Yorkdale Shopping Centre, Toronto ON Canada: $1300/sq ft
5. Ala Moana Shopping Centre, Honolulu HI USA: $1250/sq ft
6. Oakridge Shopping Centre, Vancouver BC Canada: $1200/sq ft
7. Chinook Centre, Calgary AB Canada: $1055/sq ft
8. Mall at Short Hills, Short Hills NJ USA: $1050/sq ft
9. Mall at Millenia, Orlando FL USA: $1040/sq ft
10. Rideau Centre, Ottawa ON Canada: $1020/sq ft
11: Sherway Gardens, Toronto ON Canada: $950
12: Fairview Mall, Toronto ON Canada: $880/sq ft
13: Fashion Valley Shopping Centre, San Diego CA USA: $875/sq ft
14: Peter Pond Mall, Ft. McMurray AB Canada: $850/sq ft (we're not joking about this one)
15: Garden State Plaza, Paramus NJ USA: $750/sq ft

That's 6 American malls and 9 Canadian malls. 

We note that Pacific Centre's Apple store pulls in over $70 million/year at just 5366 square feet. We're thinking Apple stores might also prop sales at some of these other shopping centres. 

We were at a bit of a loss as to why Canadian malls were higher. Then we found this excellent analysis by David Fitzpatrick of REUrbanist: http://reurbanist.com/2012/08/growth-in-canadian-mall-sales-performance. This guy knows his stuff. We recommend reading his article if you're interested in examining how currencies and other factors may contribute to Canada vs. USA mall performance. Our favorite quote from David's article?

"I think this chart just shows that you are getting ripped off a lot more than you were a decade ago when you buy retail merchandise in Canada. That $150 CDN dress you bought is worth $150 USD today, but would have been worth only $95 USD in 2002. And most likely, you are taking on increasingly depressing levels of consumer debt to make that purchase." (this comes after the author noting a direct correlation between the closing currency gap and the increased productivity of Canadian malls)

REUrbanist website: http://reubanist.com


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Macy's 'World's Largest Shoe Floor' Partially Opens Today


Today Macy's Manhattan flagship opens part of its 63,000 square foot shoe floor. It is reportedly the largest shoe floor in the world, though we've been informed that the Galeries Lafayette shoe floor in Paris may be larger, at a reported 64,500 square feet. Regardless, both are pretty huge.

We reported news of this shoe floor on April 12th 2012 (/www.retail-insider.com/tail-insider.com/2012/04/macys-manhattan-worlds-largest-shoe.html). Included will be a 'luxury wing' for shoes and accessories. We can confirm one expanded shoe/bag vendor will be Louis Vuitton, and we expect other similar labels to be included soon.

Macy's website: www.macys.com

Louis Vuitton website: www.louisvuitton.com

Galeries Lafayette website: www.galerieslafayette.com




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Bloomingdale's Moves Towards More Luxury Menswear Designers and Shops

Photo Courtesy of The Mall at Short Hills, Short Hills New Jersey

Bloomindale's is opening a collection of luxury shops-in-store for men at its Manhattan flagship. Shops will include Gucci, Prada and Louis Vuitton. The collection opens mid-September and indicates further luxury brand roll-outs in several Bloomingdale's stores.

Menswear makes up about 20% of Bloomingdale's revenues. Increased higher-end menswear sales means broadening merchandise selection makes sense. Bloomingdale's will roll-out men's Gucci and Prada shoes at several locations, and will continue to expand men's luxury brands in its various stores.

Cosmetics Floor at Bloomingdale's Chestnut Hill, MA


Bloomingdale's downscaled from the late 90's until recently, concentrating on bridge/contemporary labels. The iconic retailer has begun to re-focus on upscale brands, including such women's accessory shops as Chloe, Dior, Jimmy Choo,  Louis Vuitton, Chanel, Fendi, Links of London and David Yurman, women's ready-to-wear by Armani Collezioni, MaxMara and Escada, and menswear such as Duchamp, Turnbull & Asser and Ferragamo. 

It's no secret that Bloomingdale's is one of our favourite looking stores. We posted this a few months ago: /www.retail-insider.com/tail-insider.com/2012/04/bloomingdales-our-all-time-favorite.html

Bloomingdale's website: www.bloomingdales.com

Louis Vuitton websiter: www.louisvuitton.com

Gucci website: www.gucci.com

Prada website: www.prada.com





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Goodbye, Downtown Minneapolis...

Awning at the Minneapolis Neiman Marcus store (Pioneer Press: Scott Takushi)
We're announcing with some sadness the July 2013 closing of the 118,000 sq ft Neiman Marcus store in Downtown Minneapolis, Minnesota,. This comes after the closing of the full-line Saks Fifth Avenue store in Downtown Minneapolis in January 2005.

We have a soft spot for Downtown Minneapolis. During our formative years, Minneapolis sparkled with such great department stores as Dayton's, Donaldson's and later Saks Fifth Avenue and Neiman Marcus. We got some of our first tastes of glamour strolling the Louis Vuitton, Oval Room luxury salon and Chanel boutiques at Dayton's, the glamorous escalators of the multi-floor Saks, and the subdued elegance of Neimans. 

After Neiman Marcus closes, all that will be left in Downtown Minneapolis is Macy's in the former Dayton's space. Sure it has Vuitton and The Oval Room, but it lacks the class and customer service of its former Dayton's nameplate. 

This is yet another sad decline not only in American retailing, but with American cities in general. All but a handful of American cities continue to maintain vibrant downtowns, and we wave goodbye to Minneapolis as it has now become just another American city with a downtown devoid of decent retailing. 

We'll remember our youth in Minneapolis, and continue visiting the more vibrant urban centres in Europe and Canada. Minneapolis, it was nice while it lasted...

Neiman Marcus website:www.neimanmarcus.com

Saks Fifth Avenue website: www.saks.com

Macy's website: www.macys.com
Exterior of Neiman Marcus, Minneapolis (Pioneer Press: Scott Takushi)



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Macy's Markets "Tombstones" of Great Stores it Destroyed

Today a reader provided us with an interesting and slightly disturbing link to the new 'Macy's Brand' shopping bags being marketed on their website. These are plastic versions of shopping bags from now-closed American department stores, all of which have since been converted to Macy's nameplates and/or closed by Macy's. The one that pulled at our heartstrings was the bag by Marshall Field's, Chicago's once great super-retailer. 
Former Marshall Field's store in Chicago, now 'Macy's State Street'
Marshall Field's was a Chicago institution. It had excellent customer service and interesting, upscale products, all located in beautifully interesting retail settings. Its enormous State Street Flagship store was a Chicago institution. In 2006, After Macy's converted all Marshall Field's stores to Macy's nameplates, various upscale labels jumped ship. Macy's-exiting-labels included Prada, Miu Miu, Jimmy Choo, Dolce & Gabbana (clothing/accessories for women and men), Steuben, and others. Macy's has continued to try to market its State Street store in an upscale way, to the dismay of many previous Field's shoppers. This was even met with a resistance website, which can be viewed here: http://www.fieldsfanschicago.org

We don't want to rant at length, but Macy's obliterated much of the remaining varied department store chains in America. These included I. Magnin, Bullock's, Meier & Frank, The Bon Marche, Lazarus, Filene's, Jordan Marsh, Kaufmann's, Hecht's, Goldsmith's, Robinson's-May, Burdines, Rich's, Foley's, Hecht's, Wanamaker, and others. And now you can buy their 'shopping bags' at Macy's. Talk about reviving past trauma.

Don't get us wrong, we applaud efforts Macy's is making to be 'America's Department Store'. We just find it a shame that Macy's felt it prudent to eliminate centuries of good will and customer loyalty for a Manhattan-based, mid-market department store. Various successful, profitable single-stores and small department store chains operate throughout the world (think Harrod's in London, KaDeWe in Berlin, Oberpollinger in Munich, le Bon Marche in Paris, among others) and we think Macy's could have left at least an I. Magin store in San Francisco, a Wanamaker in Philadelphia, or a Marshall Field's in Chicago. Product-purchasing economies of scale can be met while a chain uses multiple nameplates, for example.

It's still tempting to buy a $40 Field's shopping bag for old-time sake. Partly to evoke memories of a store that once had decent customer service and a breadth of upscale product offerings.



By the way, this blog is awesome. It's called 'The Department Store Museum', and it provides a wonderfully comprehensive database of store guides, photos, and descriptions and now defunct (and some still-operating) North American department stores: http://departmentstoremuseum.blogspot.ca. We've literally spent hours reading store descriptions and wonderful viewer comments (some of which are our own).

Macy's website: www.macys.com

Marshall Field's memorial website: http://www.fieldsfanschicago.org

Department Store Museum website: http://departmentstoremuseum.blogspot.ca




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Christian Louboutin Opening Chicago Store on Oak Street

Christian Louboutin will open a boutique in the Esquire Theater location on Oak Street, joined by other luxury retailers and an upscale steakhouse.  

The entire project will be about 35,000 square feet, 23,000 square feet of that being the steakhouse. We'll let you know what luxury retailers will fill the remaining 12,000 square feet. Retail Insiders tell us one of the tenants will be Buccelati. 

Chicago's Oak Street has seen an influx of new luxury retailers occupying the former Barney's New York store at 25 E. Oak Street as well as the former Esquire Theatre. We will provide updates as they arise. 


Christian Louboutin website: www.christianlouboutin.com

Buccelati website: www.buccellati.com

Barneys New York website: www.barneys.com




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French Fashion Lovers: Zadig & Voltaire is Coming to Chicago, Aspen, Brazil, Australia and South Africa

Those familiar with French label Zadig & Voltaire will be excited to know that it has just announces major international expansion plans. It currently has locations in Manhattan and will soon be opening in Chicago and Aspen, CO. Expansion plans also include Brazil, Australia and South Africa. 

We'll let you know locations when they're announced! Stay tuned. 

Zadig & Voltaire website: www.zadig-et-voltaire.com




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Lord & Taylor Coming Back to Florida. First Stop: Boca Raton

Lord & Taylor just announced that it will re-enter the Florida market with an 80,000 square foot store in Boca Raton at Mizner Park. The store will open September 2013 and will anchor the upscale outdoor shopping center that includes such luxury retailers as Jaeger-Le Coultre and Van Cleef & Arpels.

Lord & Talor has been in expansion mode lately, owned by Canadian-based Hudson's Bay Company.  Company president Bonnie Brooks states “Everyone at Lord & Taylor is thrilled to be re-entering the Florida market with a full-line store”.
Lord & Taylor Flagship in Manhattan
Lord & Taylor once had several Florida locations, all of which closed in 2006 during rougher retail times for the company. Fortunes have since turned for the better at Lord & Taylor, led partly due to the obliteration of various American department stores by Macy's Inc..  Once Macy's shuttered the Marshall Field's chain, for example, sales at Lord & Taylor stores in Chicagoland soared.

Watch for Lord & Taylor to break into the world of high-fashion, including such designers as Balmain and Erdem. Changes are already underway at the Manhattan flagship store, including the addition of Herve Leger women's clothing, among other designers.

Lord & Taylor website: http://www.lordandtaylor.com

Mizner Park website: www.miznerpark.com

Hudson's Bay Company website: www.thebay.com




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Nordstrom Opens Prada Accessories Boutique in Downtown Seattle

Clayton at the new Prada Boutique @ Nordstrom, Downtown Seattle (photo courtesy of Nordstrom)
Nordstrom has opened a new accessories boutique at its Downtown Seattle flagship store.

Over the past few years, Nordstrom has taken to opening 'hard-shops' in its more productive locations. These hard-shops are designer-dedicated, specifically-built spaces to display various designer wares. 
Nordstrom's Seattle Flagship 
As of late, Nordstrom has been competing with retailers Neiman Marcus, Saks Fifth Avenue and Bloomingdale's at the top-end of the hard-shop game, recently opening boutiques for Chanel, Gucci, Prada, Dolce & Gabbana, Marni, Yves Saint Laurent, and others. Some boutiques carry only accessories, while others include ready-to-wear. 

While Nordstrom typically caters to a less-wealthy customer than, say, Neiman Marcus, Nordstrom has been attracting more wealthy shoppers as well as 'aspirational' shoppers looking to purchase designer pieces. Nordstrom has met this demand with expanded accessory offerings, some of which are contained in newly-added hard-shops. 

Nordstrom website: www.nordstrom.com

Prada website: www.prada.com




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Lord & Taylor Opens New Store in Yonkers, NY


Lord & Taylor has just opened a new, 80,000 square foot department store at The Mall at Ridge Hill in Yonkers, New York. It looks great. The glass facade is interesting, and we've got some photos of the interior...


The store's white, bright interior will be replicated in other renovated Lord & Taylor stores, not to mention Hudson's Bay Company stores in Canada. The Hudson's Bay Company owns Lord & Taylor, now all under the direction of retail visionary Bonnie Brooks.


Watch for similar store interiors at renovated Lord & Taylor and Hudson's Bay Company (aka The Bay) stores in the next several years. Also watch for these retailers to start sharing brands. For example, Z-Spoke by Zac Posen - a Lord & Taylor favorite, is starting to be carried at Canada's Bay stores. And a version of Canada's luxury department 'The Room' at The Bay will eventually be rolled out at selected American Lord & Taylor stores. Watch for hot women's designers like Balmain and Erdem to be carried in fabulously luxurious retail environments.

Speaking of The Room, we'll next be reporting on the recently announced 'The Room' at The Bay in Montreal, Quebec Canada. This should open Fall of 2013, and will be approximately 20,000 square feet of absolutely fabulous.

Lord & Taylor website: www.lordandtaylor.com
Hudson's Bay Company website: www.thebay.com
The Room at the Hudson's Bay Company website: http://www2.thebay.com/theroom



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TIFFANY & CO.'s TOP 6 SELLING NORTH AMERICAN LOCATIONS... 2 are in Canada???


We found it interesting that two of Tiffany & Co.'s top 6 selling North American locations in 2011 are in Canada (Burrard Street in Vancouver, BC and Bloor Street West in Toronto, Ontario). The three top four American locations are:
1) Manhattan (by a longshot)
2) South Coast Plaza, Costa Mesa California
3) San Francisco, Post Street
4) Chicago, Michigan Avenue

Upon further reflection, we recognize that these stores, including Vancouver's "small" 4,700 square foot Burrard Street Tiffany store, outsold larger locations in Beverly Hills, CA, Boston, Houston, Dallas, Bal Harbour Florida, Las Vegas, and many other high-performing retail locations.

Tiffany & Co. website: www.tiffany.com



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MORE MACY'S... Hundreds of Millions Earmarked for Store Renovations

Macy's Oakbrook (Illinois) 15,400 sq ft women's shoe floor


Macy's will spend hundreds of millions of dollars renovating top-performing locations throughout the United States. Macy's executives have worked with designers to carve out a new 'look', and we've got some photographed examples of what will be in store...

The following photos are of the newly renovated Water Tower Place Macy's in Chicago, formerly Marshall Field's...

Macy's website: www.macys.com



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MACY'S MANHATTAN... World's Largest Shoe Floor, Muli-Level Louis Vuitton, and more...

Macy's will spend in excess of $400million to renovate its Manhattan flagship store. This will include adding about 100,000 square feet of selling space with a final total of about 1.2 million square feet.

Renovations commenced this March and will be completed, tentatively, Fall 2015.

What to expect:
-A 63,000 square foot second-floor shoe store with 39,000 square feet devoted to selling space and 24,000 square feet for storage.
-A ground-floor luxury hall of designer shops, including a three-level Louis Vuitton boutique.
-An expansion of the men's store to 200,000 square feet over 7 floors.
-A full-on interior/exterior renovation that will put this Macy's store on par with some of the world's best department stores.


We'll be watching this renovation closely to see what new brands will embrace the new Macy's, especially after multiple brands (Dolce & Gabbana, Prada, Jimmy Choo) left current Macy's locations in Chicago and Minneapolis after the Macy's conversion of those former downtown Marshall Field's locations.

Macy's website: www.macys.com
Louis Vuitton website: www.louisvuitton.com


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UNIQLO OPENING HUNDREDS OF US STORES. NEXT STOP? SAN FRANCISCO...




Japanese chip and chic retailer Uniqlo has announced it will open a 29,000 square foot flagship location in San Francisco Fall 2012. It will be located at 111 Powell Street. Uniqlo's first US location opened in Manhattan October 2011.

This is the first of literally hundreds of proposed Uniqlo locations across the United States. The chain is also planning a Canadian launch in early 2013, beginning with tentative locations in Toronto and Vancouver, BC.

We will update you with new Uniqlo expansion news as it arrives. Stay tuned...

Uniqlo website: www.uniqlo.com



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