ALBANY, N.Y. — “I Shop New York” is a new initiative launched by the Retail Council of New York State to encourage shoppers to support local stores before turning to out of state Internet-only merchants.
According to Ted Potrikus, the council’s executive vice president, “Retailers employ more New Yorkers than any other industry. One in five of nearly 2.5 million jobs are directly or indirectly supported by retailers.”
The council, a not for profit trade association, asked member merchants how it could help the state’s business community to continue to recover from the most recent recession. Any business with a physical presence in New York State can receive a free six month trial of “I Shop New York.” After the trial, retailers that want to continue to participate in the program pay $50 to use it for the rest of the year.
The council also offers a range of money-saving programs and services including workers compensation insurance, credit card processing, and energy savings. “Local businesses are the backbone of our communities. They employ our neighbors, support our tax base and charities, and add vibrancy and variety to our business districts,” said Potrikus.
The statewide campaign marketed extensively by the Retail Council is primarily using new media and public relations to build communities of support among local business owners and to create a strong statewide business community by informing shoppers about local businesses.
“Annual retail sales in New York State exceed $230 billion, 16 percent of New York’s GDP is generated by the retail industry. Large and small, brick and mortar retailers and online merchants with a presence in New York State account for 45.1 percent of the taxable sales and purchases in the state’s tax base,” explained Potrikus.
“If you choose to shop online with-out-of state merchants that often don’t even collect sales tax, not a single penny finds its way back to your community. In fact New York State will lose an estimated$865 million in sales tax revenue in 2012 from e-commerce transaction in addition, to sales tax. New York’s retailers also pay property and other state and local taxes,” said Potrikus.
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews
@prada is introducing a new project at its men’s fall 2018 show this Sunday: “Prada Invites.” The fashion house invited four celebrated creative minds – @ronanaerwanbouroullec, Konstantin Grcic, @herzogdemeuron and @rem.koolhaas – to each create a unique item with its iconic nylon material. The designs will be unveiled on the runway show, which will take place at the company’s warehouse in Viale Ortles 25. #wwdfashion #mfwm (📷: @martinocarrera)
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion