Events

Office Depot saw its profit rise in the third quarter as cost-cuts and a $240 million tax benefit helped to offset the impact of lower revenue.   Profit in the quarter totaled $44 million, topping analysts’ forecasts. Sales fell 7% to $2.84 billion.  

Singles' Day, a festival that started in China some 20 years ago to celebrate being single, is fast approaching. And the country’s e-commerce giant is pulling out all the stops this year.   

Phillips Edison & Company announced the signing of three new tenants at its 117,006-sq.-ft. Coronado Center in Santa Fe.   Orangetheory makes its debut in the New Mexico capital in a 2,640-sq.-ft. space and gets a wellness accompaniment from Nutrishop, which inhabits a nearby 1,000-sq.-ft. store.   The New Bakery Company, a Santa Fe fixture for 19 years, is re-opening at Coronado Center with a renovated space and new ownership.  

One of the retail industry’s most environmentally-activist brands is shutting down operations for Election Day.   Patagonia will close its 30 U.S stores and headquarters in Ventura, Calif., on Election Day, Nov. 8, in an effort to encourage customers, employees and citizens to head to the polls. The company, which is giving its employees a paid holiday for the day, will also shutter its distribution and customer service center in Reno, Nevada.  

Brian Cornell,  chairman and CEO of Target Corp., and Mindy Grossman, CEO and director of HSN,  are among the headliners at  Shoptalk 2017, the nex-gen retail and e-commerce event.   Also on the bill: Devin Wenig, president and CEO of eBay.  

REI has opened it largest location on the East Coast, a 51,000-sq.ft. flagship in Washington, D.C.   The store is designed to offer members of the outdoor community a place to meet and plan adventures — and shop for outdoor gear. It includes such features as a 1,052-sq.-ft. cafe, outdoor courtyard with a fire pit and tables, and a community space that offers a robust schedule of free and low-cost classes in-store classes for cycling, paddling, fitness, hiking and camping, climbing, snow sports, photography and wilderness medicine.

Canadian retailer Arc'teryx has opened a stylish pop-up dedicated to its Veilance outerwear menswear collection.     Arc'teryx partnered with New York-based design firm Snarkitecture on the temporary store, located in Manhattan’s SoHo neighborhood, which will be open until January 8, 2017.   

The upcoming United States presidential election is so tumultuous that it’s influencing shoppers to pull back holiday shopping plans.    With the election falling in the middle of holiday shopping, many U.S. consumers said they will have a more conservative holiday spending budget this year, according to the National Retail Federation’s annual consumer spending survey, a report that tapped 7,733 consumers about holiday shopping plans.   

Boohoo.com, the England-based, low-priced fashion Web retailer, will be opening its first brick-and-mortar store in Manhattan’s Union Square neighborhood.   An opening date has not been set, but Cushman & Wakefield reported it has secured the retailer a lease for a 2,000-sq.-ft. space at 3 West 13th Street.  

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