Online jewelry retailer continues leap into brick-and-mortar - USA
ChainStoreAge.com - Feb 12th 2016, 09:42
Blue Nile made its brick-and-mortar debut last June, and the company is so pleased with the results that it plans to add more stores.
The online jeweller announced it would open its second physical outpost, at the Westchester Mall in White Plains, New York, by early summer. It is the first of up to four locations the company plans to open this year.
Blue Nile’s first and only store (or “Webroom” as the company calls it) to date is located at Roosevelt Field Mall in Garden City, New York. It offers a hybrid on-and-offline shopping experience. In addition to the physical displays, shoppers view products and place orders on in-store tablets with the help of associates.
“The first Webroom greatly exceeded our expectations, and we’re excited to expand this shopping experience, which is unlike any other in jewellery retail,” said Blue Nile chief merchandising officer, Julie Yoakum. “The efficiencies of the Webroom and our online model allow us to simultaneously leverage and disrupt the brick-and-mortar experience.”
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G-III to Acquire Donna Karan International
26/07/2016 - 09:36
NEW YORK & PARIS–(BUSINESS WIRE)–G-III Apparel Group, Ltd. (NASDAQ:GIII), a leading designer, manufacturer and marketer of branded apparel and accessories, and LVMH Moët Hennessy Louis Vuitton (LVMH.PA), the world’s leading high quality products group, today announced that they have entered into a definitive agreement under which G-III will acquire Donna Karan International, Inc., parent of the Donna Karan and DKNY brands and owned by LVMH, in a transaction with an enterprise value of $650 million, subject to customary adjustments at closing. The transaction is expected to close in late 2016 or early 2017.