Retail roundup: Free People, Best Buy’s Black Friday, Gap
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-- Boho chic clothier Free People rolled out a line of limited-edition gowns. The six dresses, which range from $500 to $700, is a departure for the brand, which is part of Urban Outfitters Inc. and known for its breezy, carefree and sometimes distressed style. They’re available online and at pop up stores in Los Angeles and New York from Nov. 10 to 13.
-- Best Buy gave shoppers a sneak peak at Black Friday door-buster deals on Facebook, Twitter and its website, coming after early reveals on Black Friday bargains by discount giant Wal-Mart. Door-busters include $9.99 Blu-ray movies and a $79.99 24-inch LCD television. The retailer, which will open at midnight on Black Friday, plans to show a Harry Potter movie for shoppers waiting in line at select stores.
-- Struggling retailer Gap Inc., which announced plans to close nearly 200 stores last month, said it was planning to experiment with a bricks-and-mortar store for its online Piperlime retailer next year, according to RetailingToday.com
At a presentation at Gap Global Creative Center in New York, company executives also said plans were underway to cut down the overall square footage of its North American stores by 10% by the end of their 2012 fiscal year, the report said.
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-- Shan Li
