J. Press brings preppy clothes back to Manhattan
September 12, 2017
J. Press, the preppy clothing retailer founded in 1902, is opening a store in the same Midtown Manhattan building as the Yale Club. The retailer, which closed its previous store in the city back in 2014, expects to generate 25 percent of its total U.S. sales from the new location. J. Press also expects to generate about 30 percent of its total revenues online. The retailer’s Japanese parent company, Onward USA, expects online to eventually account for 50 percent of J. Press’ revenues.
Recent News
Tesla Recalls Cybertruck Due to Stuck Accelerator Pedal
Tesla is recalling almost 4,000 Cybertrucks due to a sticking accelerator pedal. The problem stems from an unauthorized lubricant used during assembly, which reduces the pad’s grip on the pedal.
Trader Joe’s Recalls Organic Basil Product Linked to Salmonella Outbreak
The company’s Infinite Herbs Organic Basil product is recalled due to a possible salmonella contamination.
Procter & Gamble Reports Mixed Results After Price Hikes
Procter & Gamble’s recent quarterly results showed a mix of gains and setbacks. Despite facing challenges in attracting shoppers due to increased prices over the past two years, the company managed to exceed earnings expectations.
JetBlue and Southwest Airlines Collision Narrowly Avoided at Reagan National Airport
An air traffic controller instructed one plane to cross the runway at the same time a second plane was taking off.