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
Google Announces More Layoffs and Roles Moving Overseas
Google has made significant changes to its workforce, laying off employees and shifting some jobs overseas as part of a large-scale restructuring.
Peloton Ends Free App Access Amidst Subscriber Struggles
Peloton has ended its unlimited free app membership, less than a year after its introduction.
Eli Lilly’s Weight Loss Drug Can Help With Sleep Apnea
Tirzepatide reduced sleep apnea by upwards of two-thirds in adults.
American Airlines Pilot Union Voices Concerns Over Safety and Maintenance Issues
A memo explaining several safety issues has been released by the APA safety committee.