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Athleisure giant to open smaller store model
Lululemon Athletica Inc. revealed that it plans to open smaller, “local” stores amid results that disappointed Wall Street. Net revenue for the quarter ended July 31 increased 14% to $514.5 million, just shy of projections, from $453.0 million in the year ago period. Total comparable sales rose 4%, with in-store sales up 3% and direct to consumer sales up 6%. Net income increased 12.5% to $53.6 million. -
Home décor brand opens first physical space
Halloween has arrived at Macy’s flagship. Home décor direct-marketer Grandin Road has opened its first-ever brick-and-mortar space, a pop-up at Macy's Herald Square flagship in Manhattan. The space is designed to inspire, spook and entertain shoppers throughout the months of September and October.

