Tapestry, Inc.

Department stores could be in for a fresh approach from Coach, following its announcement that it will acquire upscale footwear brand Stuart Weitzman.

Coach will make initial cash payments of approximately $530 million to Sycamore Partners, and, in addition, will pay the firm up to another to $44 million in contingent payments upon hitting “selected revenue targets” over the next three years.

New York - Ike Boruchow, analyst, Sterne Agee, reviews Black Friday results in the specialty retail sector:    

San Francisco--JLL announced that it has expanded its retail brokerage practice in Northern California with the addition of Jamie Kendall as VP. Kendall will be based in the firm’s San Francisco office, and will partner with the firm’s existing retail, agency leasing and investment sales teams to help maximize the value of retail assets for JLL’s growing client base in downtown San Francisco.

Westport, Conn. -- Charter Realty & Development said that it has leased space in Parker Harding Plaza in Westport, Conn., to The Shade Store. The Shade Store took 1,600 sq. ft., joining area tenants Patagonia, Nike, J Crew, GAP, Vineyard Vines, Pottery Barn, Coach, Talbots, Williams-Sonoma, Brooks Brothers, Sunglass Hut, Starbucks and many more.    

Montreal, Canada – Retail real estate firm Simon, private Canadian developer SmartCentres and Calloway REIT are celebrating the opening of Premium Outlets Montreal Thursday, Oct. 30. Featuring designer and lifestyle brands, the new centre has more than 80 outlet stores offering savings of 25 to 65% every day.    Many of these new outlet stores are unique to the Montreal metro area, including Michael Kors, Max Mara, The Hudson Bay Outlet, Desigual, Vans and many more.

New York –- Organizational efficiency costs and charges related to store closures and upgrades that are part of an ongoing transformation plan negatively impacted net income reported by Coach Inc. during the third quarter of fiscal 2014. Net income totaled $146 million, down 33% from $218 million in the same quarter the previous fiscal year.  

New York – Coach Inc. has leveraged the MicroStrategy Analytics Platform and MicroStrategy Mobile to produce automated reporting that provides anytime, anywhere visibility down to the store level. Coach has built an interactive mobile application using MicroStrategy Mobile that provides its retail teams with the ability to examine sales trends for any given geography, including at the individual store level, with a swipe or tap on their iPad devices.

Coach is using the MicroStrategy Analytics Platform and MicroStrategy Mobile to build an interactive mobile app that provides its retail teams with the ability to examine sales trends for any given geography, including at the individual store level, with a swipe or tap on their iPad devices.

PowerReviews, a leading provider of ratings, reviews and question-and-answer technology, is partnering with Olapic, a visual commerce platform for collecting, curating and sharing customer photos and videos on e-commerce sites.

The companies believe their strategic partnership can help brands and retailers create more authentic and compelling e-commerce experiences by capturing and embedding user-generated content such as ratings, reviews, images and video directly into the purchase path.

Coach has announced that executive chairman Lew Frankfort plans to retire upon his term’s expiration. He will not stand for re-election to the board at the company’s annual meeting of stockholders in November.

The company intends to bestow upon him the honorary title of chairman emeritus at that time.