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Report: Lululemon to open men’s store in Manhattan
New York -- Lululemon Athletica signed leases to open two new stores in the Soho section of downtown Manhattan, including its first-ever freestanding store for men, The Real Deal reported.
The men’s store will be located at 127 Prince Street. The women’s store will take space at 125 Prince Street.
Lululemon is on track to open some 45 locations this year. -
Moody's: Off-price retailers will outperform industry next five years
New York -- The nation’s three largest off-price retailers (TJX, Ross Stores and Burlington) will see above-average growth, in the 6%-8% range, over the next five years, compared with 4% growth for the broader retail industry, according to a new report by Moody's Investors Service. The leaders in the space have thousands of vendor relationships and significant scale, so supply constraints aren't likely to hinder their growth, the report noted.