Accessories

New York – Online luxury fashion and beauty retailer Net-A-Porter is launching sales of Google Glass on June 23, available to shoppers in the U.S. Net-A-Porter will be selling a limited number of optical and sunglass styles, to be sold as exclusive packages.

Each bundle includes Glass, a frame and shade, a mono earbud, and case for $1,800.

New York -- Coach plans to shutter about 70 underperforming stores in fiscal 2015, Crain’s New York reported. The retailer, which has been under heavy competitive pressure from Michael Kors and other upscale companies, also gave a disappointing revenue forecast for its current fiscal year.
   

New York -- DSW Inc.'s Affiliated Business Group and Yellow Box Corporation will open the first-ever Yellow Box store on June 20, at The Falls Shopping Center in Miami. The store opens on June 20.

Francesca’s has tapped David Minnix Jr. as the new VP and head of boutiques. The former chief stores officer at Dots Fashion will start his job overseeing the upscale boutique chain’s operations on July 8.

Minnix has also formerly worked for retailers like Zales and Pearle Vision, and at Dots Fashion oversaw store support and loss prevention departments, among other duties. At Francesca’s Minnix will oversee the company’s 519 boutiques, each of which is meant to feel like an independent shop.

Rent the Runway, the popular online retailer specializing in rentals of pricey designer dresses and accessories, has opened a brick-and-mortar outpost on the second floor of The Cosmopolitan hotel’s retail complex in Las Vegas.

San Francisco — Lower gross profits and higher pretax losses helped drive The Gymboree Corp.’s net loss to $15 million in the first quarter of fiscal 2014, up from $2.85 million a year earlier. The retailer plans to open 50 new stores and close 25-30 existing stores during the fiscal year.

Net sales shrank 7% to $272 million from $292.78 million. Same-store sales dropped 10%. Gymboree plans to open new stores fairly evenly across its brands, and will spend $35-$40 million in capital expenditures during fiscal 2014.

Oakbrook Terrace, Ill. — Mid-America Asset Management Inc. has secured four new retail leases on behalf of three lifestyle shopping centers in the Chicago metropolitan area. Mid-America represented the landlord in each transaction.

In Algonquin, Ill., Pure Mountain Company has taken 8,824 sq. ft. at Algonquin Commons in Algonquin, Ill. Premier Commercial Realty represented the tenant. Dick’s Sporting Goods, DSW, Old Navy, PetSmart and Trader Joe’s anchor the 578,825-sq.-ft. Algonquin Commons lifestyle center.

Virginia Beach, Va. — lululemon has leased a 3,200-sq.-ft. store at the Town Center of Virginia Beach. Like recently announced Anthropologie and Free People, lululemon will be the first and only store of its kind to open in Hampton roads, Virginia. In addition, Destination Maternity and It’s Sugar recently opened at The Town Center. lululemon plans to open during the fourth quarter of this year.