Posted by Mark J. Miller on December 2, 2011 02:05 PM
While it was rumored to open before Thanksgiving, the Big Apple's shiny new Apple store will open at New York City’s famed Grand Central Terminal on Dec. 9 just in time to rake in the holiday-season bucks as stressed-out commuters make their daily runs to and from the train.
But the New York Post reports that there are a few government officials who are thinking an investigation is in order after the technology giant got itself the deal of the century with the 140-year-old station’s owners, the Metropolitan Transit Authority.
Of the more than 100 retailers in the station, Apple's store — the brand's biggest sales outlet to date — will be the only one that “won’t be required to share with the MTA a portion of its revenues above a certain threshold,” the Post reports. Plus, most rents in the station go for $200 or $300 per square foot while Apple is paying $60.
Those kinds of numbers have raised the eyebrows of New York state Comptroller Thomas DiNapoli as well as State Sen. Tony Avella, who asked on Thursday for an investigation to take place.Continue reading...
social media watch
Posted by Shirley Brady on December 2, 2011 12:45 PM
New York City mayor Michael Bloomberg tweeted that he's "making an exciting announcement" with Facebook COO Sheryl Sandberg today. (We're crossing our fingers for citywide Facebook traffic signs like the one below.) Mashable, meanwhile, guesses that it's do with a NYC hiring spree.
Update: Mashable got the scoop, as Facebook is indeed going on a hiring spree by expanding its New York operations to create an engineering office in the city next year, and making NYC its third biggest tech hub after Palo Alto and Seattle.Continue reading...
Posted by Matthew Moore on November 28, 2011 05:05 PM
It's tough to be the new guy, especially when you're trying to be the new guy in what many still consider to be a fringe sport, Major League Soccer. The New York Cosmos are not an expansion team yet, but investors in the franchise have been making a case to become MLS's 20th team. The club's competition for this honor includes efforts in Orlando, Miami, St. Louis, and Atlanta.
Despite an all-star management team including Pele as honorary president and Eric Cantona as director of football, the Cosmos have run into some bad press recently concerning its youth academy, formerly known as Blau-Weiss Gottschee. In short, the youth academy claims that the Cosmos owe it $210,000 stemming from a sponsorship agreement made in 2010. It has filed a lawsuit against the Cosmos as a result. This is obviously not good news for a club trying to convince MLS to add it as a second New York team when there is already one struggling team in the area thanks to the New York Red Bulls.Continue reading...
Posted by Shirley Brady on November 25, 2011 05:12 PM
Saks is back with a seasonal 3D holiday projection at its flagship store in New York. The Saks Fifth Avenue Snowflake & the Bubble projection show is bigger and even more spectacular this year. The 3D Projection mapping show runs every night for 5 hours through Jan 6th, making it the longest outdoor video mapping experience in the world. Also new this year: a Fiat 500 — the Gucci special edition — in one of the Christmas windows.Continue reading...
Posted by Trent Edison on November 25, 2011 03:09 PM
Bergdorf Goodman goes to the dogs for its annual holiday video. BG Films presents "Unleashed," starring some of New York's most charismatic characters who invade the store in search of perfect gifts for their owners. Guest star, Salty, steals the show with a very sweet-natured performance. You can shop the video in a version that will be released on November 29 on BG.com.
tech in the spotlight
Posted by Shirley Brady on November 22, 2011 08:30 AM
On Apple's to-do list this week: release new iPad 2 commercial (above), win key decision vs. HTC, tease global online Black Friday sale and reportedly get ready to open its massive Grand Central store in New York as early as today.
Posted by Dale Buss on November 17, 2011 09:25 AM
Abercrombie & Fitch tells investors it discounted prices too much.
Accenture calls on clients to help make a statement.
American Airlines and union plan to return to talks.
Apple's iPhone passes BlackBerry as business favorite.
BP faces charges over Alaska spill.
Chrysler plans to invest heavily in building Jeeps in Toledo, Ohio.
Corona brings back long-time holiday spot.
Delphi prices IPO at $22 a share.
DirecTV unveils dramatic man-vs.-wolf action in new spot.
GE bets on software development.Continue reading...
Posted by Shirley Brady on November 15, 2011 05:29 PM
Apple warms up to business markets, as Disney CEO Bob Iger joins board and Steve Jobs' position as chairman is filled.
Chrysler Ram named official truck of Detroit Red Wings.
Conde Nast debuts private ad exchange.
Crocs revamps retail store design.
Dell sales disappoint.
Dunkin' Donuts promotes single-serve holiday campaign on Facebook.
Foursquare adds features to enhance city guides.
H&M's next guest designer may be Tom Ford.Continue reading...