David’s Tea makes its debut
David’s Tea, a Canadian retailer that’s in the midst of a major U.S. expansion, has opened its first Maryland location at Westfield Montgomery Mall. Founded eight years ago by a Quebec student and his retail magnate cousin, David’s is known for its whimsical packaging, seasonal product changes and unusual flavor infusions. (This summer’s selections include Grape Freeze, Chocolate Covered Banana and Strawberry Colada.) David’s, which has more than 150 locations in Canada, went public in 2015 with plans for 80 U.S. stores by the end of this year. At Montgomery Mall, where Teavana is temporarily closed while its new location is under construction, you can find David’s in the Macy’s wing right next to Starbucks — or click here for a sneak peek online.
Costco to Amex: You’re dead to us
This weekend marks the official end of Costco‘s longtime partnership with American Express as the company begins a new relationship with Citibank Visa. The Costco Amex was known for its generous cash-back rewards program, but the Costco Visa raises the bar even higher: 4% cash back on gas purchases, 3% on restaurants and travel, 2% at Costco and 1% on everything else. American Express, which stands to lose nearly 10% of its customer base with the dissolution of the Costco deal, is now trying to lure back lapsed cardholders with a sweet $250 cash-back offer. For an informative Motley Fool report on the benefits of both cards, click here. And no matter what you decide, this Sunday (June 19th) is the last day that any kind of Amex card will be accepted at Costco.
Third Fish Taco to open next week
Just two months after the debut of Fish Taco at Wildwood Shopping Center, the burgeoning chain is set to open its third location next week at the former home of City Burger in Chevy Chase. The Fish Taco concept has been a winner for local restaurateur Francis Namin, who also created City Burger as well as the Don Pollo chicken chain and the much-missed Red Tomato Café in downtown Bethesda. Namin’s upscale Bethesda restaurant, Food Wine & Co., closed its doors a few weeks ago after its building was marked for redevelopment.
Goodbye Redskins Store, hello flag socks
If you were planning to stop by Westfield Montgomery Mall this weekend to pick up some Father’s Day gifts at the Washington Redskins Team Store, we have some bad news: The store has closed, and the next-closest location is at Tysons Corner. Perhaps Dad would be willing to settle for some flag-fashion footwear? Liberty Socks, a new kiosk in the Macy’s wing at Montgomery Mall, sells eye-catching patriotic patterns designed by a U.S. Army vet. Liberty Socks is a pop-up tenant that will close after July 4th. Click here to check out all the stars and stripes.
Bed Bath & Beyond buys One Kings Lane
This week Bed Bath & Beyond bought One Kings Lane, the online retailer whose ads you may have noticed as you browse around online. One Kings Lane, a once-hot company whose fortunes have cooled in the past two years, sells an eclectic mix of furniture and accessories via flash sales and photo vignettes that make mixing and matching look easy peasy. (Click here to see for yourself.) Bed Bath & Beyond hasn’t explained its game plan here: Will its stores start carrying furniture from One Kings Lane, or is this all part of a strategy to diversify the retailer’s online presence? Stay tuned to see how this deal plays out.
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