It’s been another week filled with a lot more retail news than there is today. Below, we break down some of the things you may have missed during the week and what we’re still thinking about.

From Vince’s Q2 results to Deloitte’s holiday sales forecasts, here are our final results for the week.

What you may have missed

Amazon is moving into the old Lord & Taylor building

This summer, Amazon welcomed more than 2,000 employees into new office space, inside the iconic Lord & Taylor building in New York City. E-commerce giant I bought the building from WeWork In 2020.

After an “extensive restoration”, the building is now ready to house Amazon employees, and will also include 35,000 square feet of retail space on the first floor. Amazon said it refers to the building internally as “Hank,” a reference to the unit of measurement for yarn. This name “honors the building’s roots as a clothing department store,” according to the blog post.

“It’s been three and a half years since we first acquired the Lord & Taylor building, and we feel proud to be part of the journey to restore and reimagine the next phase of life for this historic piece of the city,” said John Schoettler, Amazon vice president. Global Real Estate and Facilities, in a statement. “Adaptive reuse and conversion of old buildings is always complex – and to do so with a specific landmark is a special undertaking.”

Belk is celebrating 135 years with 150 new brands and a party on Saturday

Belk Saturday is Celebrating 135 years Since founder William Henry Belk opened his first location in Charlotte, North Carolina in 1888. The department store, Owned by Sycamore Partners Since 2015, it now has nearly 300 locations in 16 Southeastern states. “Events will vary by location, but stores will celebrate throughout the day while activities and treats continue,” the company said in a press release. “Many locations will also have special photo moments and DJs to add to the festivities.”

To also celebrate the event, the company aimed to add 135 national brands to its roster, but has exceeded that by 150 brands so far. In addition to merchandise from longtime partners like Polo Ralph Lauren and Estee Lauder, Belk offers new brands in most departments. The stores themselves are also being updated with new signage and testing amenities such as valet parking, gift wrapping and concierge services.

However, like other retailers run by private equity firms, Belk is experiencing pressure in a difficult economic environment With a little financial cushionMoody’s Investors Service warned earlier this year. The company took A Spin for a day through bankruptcy In 2021.

Vince navigates a “challenging” environment.

Clothing brand Vince this week Reported second quarter sales It was $69.4 million, down 22.1% year over year. Income from operations was approximately $33 million, compared to a loss of $5.2 million in the same period last year. Vince’s wholesale sales were down 22% while direct-to-consumer sales were down 3.7% year over year.

“As expected, we continued to navigate a challenging macro environment during the second quarter, impacting both our direct-to-consumer and wholesale channels,” said CEO Jacques Scheufele. He said in a call With analysts regarding the quarter. “However, we are pleased with the sequential improvement achieved in our direct-to-consumer channel compared to the first quarter, while our wholesale channel came under greater pressure due to the strategic decision to withdraw off-price product penetration and enhance our service focus on the more profitable full-price business.

This spring, authentic brands collection Make a deal To acquire Vince’s intellectual property.

Retail therapy

People want Build-A-Bear’s pumpkin cat

What Build-A-Bear gives, it also takes away. the Stuffed Animal Company on September 5 It released a limited edition pumpkin-themed cat toy for 2008 as part of the Vault Collection.

the $35 Great orange The cat is now sold out and fans are begging for a re-release, according to comments on the company’s Instagram. Customers were limited to ordering a maximum of four products, but this appears to have enabled sellers to raise the price. Pumpkin Kitty can be found on eBay listings ranging from From $155 to $210.

Retrieved from Build-a-Bear.

On Build-A-Bear’s Latest Instagram post on Thursday Which isn’t related to the Pumpkin Cat, the comments section is full of comments like “Where is the Pumpkin Cat restocked?” and “Pumpkin Supremacy.”

Apple vs. Pumpkin Spice: The battle for premium fall flavor

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