NEW YORK — Redundancy is proving to be a good thing, at least for mall owners. Simon Property Group this week announced it would buy seven Federated Department Stores banners and kill the leases at two additional locations, which include four Macy’s, a Filene’s and two L.S. Ayres. The retailer that is replacing most of the duplicates is the infinitely more profitable Nordstrom’s, which will be added to Burlington Mall, South Shore Plaza, Northshore Mall, and Ross Park Mall.
As it aggressively sheds itself of its dead weight, which analysts say could bring in up to $1.2 billion, Federated is being a bit more tender in announcing changes to the Marshall Fields flagship in Chicago, where the idea of converting the venerated department store to a new Macy’s on State Street has been met with boos and hisses from Chicagoans with fond memories of the Walnut Room and holiday window displays. In order to sweeten the store’s conversion to Macy’s in September, Federated chief executive officer Terry Lundgren said he’d work with Chicago mayor Richard Daley to try to bring Frango Mints back to Chicago.
While Lundgren looks to little chocolate squares to keep his shoppers happy, Urban Retail Properties chairman and ceo Ross Glickman is going whole hog on the shopping-entertainment front. The developer has plans to develop at least six mixed-use projects in the U.S., South Korea and China in partnership with MGM Studios, with, for example, a Pink Panther-themed theater or Rocky sports bar next to The Gap and Ann Taylor. Perhaps the entertainment-shopping niche left vacant by The Mills Corp. has a new developer at the helm?
Speaking of new developers — Indianapolis-based Duke Realty Corp., a major player in the office and industrial real estate world, is entering the retail development world with gusto, announcing plans to develop $350 million in lifestyle centers in a joint venture with Jeffrey R. Anderson Real Estate Inc. The partnership intends to build four centers, with the first, the 330,000-square-foot Shoppes at Montage in Scranton, Penn., slated to open in March 2007 and the second project, the 400,000-square-foot Shops at Pembroke Gardens in Pembroke Pines, Fla., scheduled to break ground in August. For a detailed look at the headlines discussed above, see the following archived articles:
As one of the most recognizable models in the world, Christy Turlington Burns has an insider’s view of the fashion industry and the allegations of sexual harassment swirling around it. “I can say that harassment and mistreatment have always been widely known and tolerated in the industry. The industry is surrounded by predators who thrive on the constant rejection and loneliness so many of us have experiences at some point in our careers,” Turlington told WWD, along with her suggestions for how the modeling world should protect younger women and men. Read more on WWD.com. Link in bio. (📷: Tony Palmieri) #wwdnews
@asics America has tapped a new brand ambassador: famed DJ/record producer @steveaoki. This initiative is intended to set the tone for the new brand identity and philosophy and will include partnerships with influencers and in-store and off-line activations that will continue into next year. This is Asics’ most significant marketing effort in two decades, and is expected to attract younger consumers to the brand. #wwdfashion
24-year-old Jean Prounis is redefining the rules of jewelry. Formerly a studio assistant to Jemima Kirke and a design apprentice at Ghuran, she focuses on handcrafted subtleties and ancient goldsmithing techniques. “There was a really sterile feel in the environment and I wanted to have jewelry with character that shapes how you wear it everyday,” Prounis said. Each piece is hand made in New York, either by Prounis or three other jewelers in the district. #wwdfashion
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews
“Stranger Things” is getting a new cast member for season 2. Meet @sadiesink_, the 15-year-old who will be joining the Netflix series for its new season. You may recognize her from “The Glass Castle” with Brie Larson and Woody Harrelson, but the Texas native’s next role goes in an entirely different direction. She describes her character, Max, as “a rough and tumble skater girl [who] becomes friends with the boys at school.” The second season debuts on October 27. (📷: @jgreenery) #wwdeye
Amid the Harvey Weinstein controversy, there’s another sector that’s being put under the spotlight for sexual abuse: the modeling industry. While rumors about abuse and sexual harassment of female and male models — and the photographers, agents and others who perpetrated it — have circulated within the fashion world for years, model @cameronrussell started posting stories from models on Instagram last week about abusive situations they’ve encountered — from sexual harassment and molestation to attempted rape. Over 75 have weighed in so far. Read more on WWD.com. Link in bio. #wwdnews
To celebrate its 16th anniversary, @dylanscandybar tapped designers and celebrities to create mosaics out of candy. The mosaics will be auctioned off to support the philanthropic cause of each participant’s choice. Pictured here is the mural created by @aliceandolivia's Stacey Bendet. For a first look at some of the other artwork being unveiled tonight, go to WWD.com. #wwdeye
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye