Hello Nespresso
This week we have good news for coffee lovers: Nespresso, which sells high-end coffee machines and accessories, is about to announce plans for a retail store at Westfield Montgomery Mall. Nespresso will take over the second-level space that was vacated this week by Kay Jewelers, which has relocated next to Swarovski. This is all part of a long-term plan to upgrade the mall’s Macy’s wing, where Nespresso will be joining neighbors Apple, Teavana and Sephora in the race to open their new stores before the holidays.
Macy’s store closings: Can it happen here?
If you saw last week’s news that Macy’s plans to close 100 of its 675 stores, you may have wondered whether there’s reason to worry about the retailer’s future at Westfield Montgomery Mall. The answer: Probably not, given this area’s demographics — but a final decision won’t be made until early 2017. “We’re going to be looking at the year-end numbers before we decide which specific ones will close,” says Macy’s spokesman Elina Kazan. Last year 36 Macy’s stores closed their doors after the holidays, including one in Hagerstown. For more on what Macy’s is doing to bring back lapsed customers, click here for our July 28th report.
R. Riveter marches in
R. Riveter, a patriotic purse company backed by Shark Tank‘s Mark Cuban, opened its first D.C.-area store this month at Westfield Montgomery Mall. The North Carolina-based retailer offers high-end handbags made from canvas, leather and recycled military materials — all hand-sewn by military spouses who work remotely wherever their families are stationed. The store also carries other military-related products that have been featured on Shark Tank, including bottle openers made from hollow bullets. You can find R. Riveter in the mall’s Nordstrom wing, in the former Eileen Fisher space across from Coach.
Bye bye bargains on Coach and Michael Kors
Speaking of luxury handbags: If you enjoy trolling the mall for discounts on your favorite high-end brands, this may not be the best year to find them. Coach recently announced plans to reduce its presence at department stores, while Michael Kors says it will start opting out of coupon and discount offers at stores like Macy’s and Nordstrom. Both companies have complained that frequent price cuts are “confusing” for customers, who ultimately become less willing to pay full price for luxury goods. Stay tuned to see how this no-discount strategy plays out over the holidays.
Store Reporter is in the know about the places you go. Want to get our newsletter in your email box every week? Click here. Want to advertise your business to our readers in greater Rockville, Potomac and Bethesda? Click here.
