KB Homes have decided to partner up with AEG to build a 50 story hotel/condo near the convention center after one of the investors bailed out. The ground breaking is still on tap for this summer with completion expected sometime in 2008.
Christian Dior just announced it earnings for 2005 and with sales of $825.7 million, its edging closer to its goal of becoming a $1B company. It plans to open up 10-15 stores this year, including a Dior Homme store in Beverly Hills.
Expect to see more new store concepts from familiar retailer by the end of this year. Gap is expecting to roll out a couple more of it's Forth and Towne store. The store is targeting women in their 30s/40s who have outgrown the Gap & Banana Republic.
There are current 4 locations-3 in Illinois and 1 in NY.
In the meantime, Abercrombie & Fitch is busy with it Reulh store which caters to an older crowd than A&F.
Not to be outdone, Martin+Osa is American Outfitters answer to Banana Republic.