SIGNING ON AT AOL: Watch retailer Tourneau and shoe merchant Stuart Weitzman plan to open in The Shops at Columbus Circle in the AOL Time Warner Center’s mixed-use complex under construction. Other retailers that have signed leases there include Hugo Boss, Joseph Abboud, A|X Armani Exchange, Cole Haan, J. Crew and Eileen Fisher. Tourneau will occupy 1,200 square feet and Stuart Weitzman, 1,800 square feet. Both will be on the ground level of the 2.1 million-square-foot structure, and will open when the complex bows in the fall. Designed by David M. Childs of Skidmore, Owings & Merrill, the complex is being developed by The Related Companies L.P. and Apollo Real Estate Advisors L.P.
This story first appeared in the January 7, 2003 issue of WWD. Subscribe Today.
FERRAGAMO TAPS GLAZER: Dana Glazer has been named vice president of marketing at Ferragamo, a new post. She will be responsible for overseeing communications for the U.S. subsidiary of Italian-based Ferragamo, managing its advertising, visual, public relations and production departments. She reports to Jean Marc Gallot, president and regional director of Ferragamo USA. One of Glazer’s initial priorities is the opening of the Ferragamo USA flagship store on Fifth Avenue in fall 2003. Most recently, Glazer was with Baccarat as vice president of marketing, and helped launch the jewelry line.
APPAREL’S VIRTUAL HOLIDAY: Online sales of apparel to consumers during November and December surged 20.3 percent to $2.68 billion, making it the second-largest e-commerce category for holiday 2002, according to the eSpending Report released Monday by Goldman Sachs, Harris Interactive and Nielsen/NetRatings. The leading sector — books, music, videos and DVDs — registered a combined 40 percent increase to online volume of $3.11 billion. Overall ’Net holiday sales rose 22 percent to $15.7 billion, as shoppers surveyed said they allocated 16 percent of their holiday budgets to the Web, compared with 14 percent in 2001. Women represented 51 percent of holiday cybershoppers, up from 50 percent a year ago. People ages 18 to 24 were the only ones to gain share of the online shopping population, accounting for 17 percent of shoppers this holiday, from 10 percent a year ago. With free shipping widely seen as the key to the spurt in holiday e-tailing, analysts such as Ken Cassar at Jupiter Research are advising firms to maintain that policy, compensate by managing distribution more efficiently and perhaps gradually raise prices on goods to help make up the difference.