Costco’s rollout of membership card scanners at the front of its US stores is still in its infancy, but the move is already paying off big for the wholesale club. Morgan Stanley analysts wrote in a note this week that Costco’s warehouses are seeing similarly low double-digit increases in membership counts after implementing the scanners, … Read more
The corpses of great retailers – several decades old – haunt the streets of Manhattan. Now, some are finally coming back to life. The wound was particularly severe in Times Square, where behind the busy thoroughfares and illuminated signage, there was an excessive void. Now, two new leases will fill 75,000 square feet. Most notably, … Read more
The city’s flagship retail storefronts are so rare that businesses are opting for the nuclear option – buyout. Kering and Prada bought their Fifth Avenue stores last year for $835 million and $963 million, respectively. Now, Uniqlo is buying the 100,000 square feet of retail it already occupies at 660 Fifth Ave. from Vornado. Uniqlo … Read more