With big retail news from Macy’s, and port delays continuing to plague the industry, FN rounds up the most discussed topics of the week.
“Abu Dhabi, [United Arab Emirates], is severely under-retailed, so it makes sense to open there. I think this will serve as a signal that not only opening in the Middle East but abroad in general is the new normal.” — Morty Singer, CEO Marvin Traub & Associates on Macy’s store opening in the United Arab Emirates
“So proud of my fiancée @Chloegosselin check this out on @womensweardaily @FootwearNews” — David Copperfield tweets the FN Power 100 Directionals list
“There has been a substantial improvement in the outlook for the labor market since the inception of its current asset purchase program … Accordingly, the Committee decided to conclude its asset purchase program this month.” — The U.S. Federal Reserve ends quantitative easing
“Yes, that has been a challenge recently. And it’s something that everybody in the industry is dealing with.” — Ed Rosenfeld, chairman and CEO of Steve Madden, on the LA and Long Beach ports delays