Four new businesses announced for Eastview Mall
Eastview Mall in Victor has signed four new tenants, mall owner Wilmorite announced Friday.
∎ Capital One Café, a full-service coffee bar, will open its first location in the Northeast in a 3,758-square-foot spot outside Dick's House of Sport. Customers don't need a Capitol One account to patronize the business.
∎ Fries Fries Fries, which serves French fries, poutine and hot dogs, will open in the food court between Famous Wok and Pita Chik. Its original location is at Destiny USA, and the Eastview operation will be its second.
∎ Fabletics, which sells fashionable activewear, will open its first upstate New York store at Eastview in an 1,800-square-foot space between White House Black Market and Sephora.
∎ Rowan, which sells all hypoallergenic jewelry and offers piercing by licensed nurses, will open its first upstate parlor in 645 square feet of space in the Von Maur wing between Vera Bradley and Free People.
Wilmorite did not provide a timeline for the openings.
Current tenant Amita's Xpress Spa will return to its former 1,286-square-foot space just inside Entrance 3 near The GAP.
Pop culture specialty retailer Box Lunch will move to a 2,413-square-foot space in Main Court between Aeropostale and LEGO.
And denim retailer Buckle will relocate to a 5,000-square-foot space between Abercrombie & Fitch and Brooks Brothers.
Previously announced retailers PacSun (Pacific Sunwear) and Aur Society will open in the coming weeks. PacSun will be in the JCPenney wing, and Aur Society will be in the Main Court across from Brooks Brothers.
Reporter Marcia Greenwood covers general assignments and has an interest in retail news. Send story tips to mgreenwo@rocheste.gannett.com. Follow her on X @MarciaGreenwood.
This article originally appeared on Rochester Democrat and Chronicle: Four new businesses announced for Eastview Mall
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
Klarna CEO predicts AI-driven job displacement will cause a recession
Klarna's CEO has predicted that a recession could be around the corner as companies around the globe—including his own—reduce the headcount of well-paid, white-collar jobs and replace them with AI. Sebastian Siemiatkowski, the boss of the Swedish Buy Now, Pay Later group is once again sounding a pessimistic tone on AI's impact on the workforce. But as he embraces the potential positive effects of AI on his own bottom line, he may have to contest with the negative fallout of a company that has flirted with growing credit losses in the last year. While he admitted that 'making future statements about macroeconomics is like horoscopes,' Siemiatkowski's well-documented feelings about AI's impact on the labor market leave him making a pessimistic prediction about the economy. 'My suspicion…is that there will be an implication for white-collar jobs. And when that happens, that usually leads to at least a recession in the short term. And I think, unfortunately, I don't see how we could avoid that with what's happening from a technology perspective,' Siemiatkowski said on the Times Tech Podcast. Siematkowski has long warned of the disruptive nature of AI on the labor market, using his experience of shifting recruiting practices at Klarna to support his argument that it will replace roles. He told the podcast that the company's headcount had fallen from 5,500 people to 3,000 in the space of two years. Speaking in August last year, Siematkowski said his ambition was to eventually reduce that figure to 2,000 through workplace norms like attrition rather than by engaging in layoffs. In February last year, Klarna announced that its AI chatbot was doing the work of 700 customer service staff, previously a role filled by customer service agents working for the French agency Teleperformance. While Siemiatkowski has faced criticism for his willingness to talk about AI's disruptive potential, he indicated he felt it was more of a duty to be frank about the technology. 'Many people in the tech industry, especially CEOs, tend to downplay the consequences of AI on jobs, white-collar jobs in particular. I don't want to be one of them.' Indeed, Siemiatkowski implied that if he added up the number of employees of CEOs who had called him to ask about making 'efficiencies,' that figure in itself would make for a seismic economic event. An AI-induced recession would combine a number of brewing themes for the Swedish tech group. Siemiatkowski's comments come as the group reported widening credit losses, which rose by 17% to $136 million last year. Siemiatkowski explained the losses as a result of the group taking on more customers, naturally leading to a rise in defaults. On a relative basis, the percentage increase in defaults was small, Siemiatkowski said. The Swede added that because Klarna customers' average indebtedness was £100, they were more likely to pay back their loans compared with typical credit card debt of what he said was £5,000. The typical U.K. credit card holder has an outstanding credit balance closer to around £1,800, while in the U.S., the average is about $6,300. Regardless of the variance, Siemiatkowski says the difference means customers are more likely to pay off their Klarna debts. 'We are very unsensitive to macroeconomic shifts. We can still see them, but they're much less profound than if you're a big bank, you have tons of mortgages. And for people to really increase losses, credit losses, what has to happen is people have to lose jobs.' Despite that, predictions of mass layoffs among white-collar workers could inform higher risk for the company's credit business. While there wasn't any sign of a recession currently, Siemiatkowski did observe falling consumer sentiment, which would impact spending. Siemiatkowski's views on AI in the labor force have evolved over time. Speaking to Bloomberg in May, Siemiatowski was reported to have said the company was embarking on a recruitment drive, contrary to his previous statements about a workforce reduction. Speaking with the Times, Siemiatkowski clarified that the company needed different types of workers to handle more complex customer service requests. 'When we started applying AI in our customer service, we realized that there will be a higher value to human connection,' he said. This story was originally featured on
Business Insider
5 hours ago
- Business Insider
An AI startup raised $24M to help media companies make high-quality video faster and cheaper. Here's its pitch deck.
Moments Lab is part of a growing number of AI startups raising money to reshape Hollywood and related fields. Moments Lab provides tools that index video libraries and create new videos from raw footage. The company recently raised $24 million in Series B funding from Oxx, with participation from Orange Ventures, Kadmos, Supernova Invest, and Elaia Partners. It plans to use the funding to build on its existing tech and roll out an agentic AI tool. To date, it's raised $37.4 million. Paris-based Moments Lab was founded by twin brothers Fred and Philippe Petitpont in 2016. Philippe was a product manager for French media company TF1 Group, while Fred was a tech lead at French ad holding company Havas' BETC Digital. They say they saw a need for media and entertainment companies to produce more video at a lower cost to feed the growing streaming ecosystem. Their clients include Warner Bros. Discovery, Banijay Entertainment, Fullwell Entertainment, Hearst, Thomson Reuters, Sinclair, and Amazon Ads. Moments Lab's core tool, MXT-2, breaks down and indexes video footage into components, like people who are on screen and what they're doing, and generates descriptions of them. Its key pitch is that it saves users time and money. Philippe Petitpont said the tech can identify soundbites for clips for social media and things like trailers and highlight reels about seven times as fast as an employee could, citing internal research. He also said some clients have reported making twice as much revenue from social media using the product. "For them, it's a way to create new revenue streams," Petitpont told Business Insider, referring to revenue from social media. "Before now, it was very complicated for production companies to create a revenue stream because there was a huge need for humans — it's a very tedious task." Moments Lab's newer agentic AI tool, which it says Hearst is among those testing, takes raw video material and turns it into rough cuts using written prompts. Petitpont said the AI agent can do this at a fraction of the time it takes people to do the work. He said its most promising application so far is in reality TV. Scripted TV is still a work in progress. Petitpont said Moments Lab has gained momentum with Hollywood companies since the beginning of the year, as they face pressure to make more shows at lower costs. He said it's signed a big studio as a client, though he wouldn't name it. "The demand from Netflix, Amazon's Prime Video, Peacock, is so strong that production companies need to produce more content than ever before, and they don't have more money to produce a show," he said. "Being able to produce at lower cost is more important than ever. That's where they're interested in using new approaches." AI tools are widely used in Hollywood to make production processes more efficient and, for now, generate short videos from text. But Hollywood is highly protective of its intellectual property, which is a barrier to adoption. Another is its labor unions, which worry that AI will replace their members. Petitpont said one of the most time-consuming parts of the sales process is assuring companies' legal teams that it won't use their IP to train its model. Moments Lab says its model is trained on a dataset of 1.5 billion assets that it describes as a mix of open-source content and content from partners that are part of its research program (a consortium of research labs, media rights owners, and tech companies). The company doesn't shy away from the idea that automating work done by assistant editors and others can reduce the need for human workers. Petitpont said one US financial media client told him it expects to use fewer editors as a result of using its tech. "The big question is: Will the assistant start to be the senior editor, or will the job disappear?" he said. "We don't know yet." One thing there seems to be broad agreement on in the industry is that AI usage will grow — not only to save time on pre- and post-production functions, but make high-quality original video fast. Other startups that tackle film editing functions include Runway, Filmustage, and Imaginario. Petitpont said the ability for media companies to use AI to help make full-length documentaries based on their video libraries is only several months off, imagining a company building a film on the history of America using decades of news footage. In a year, he expects Moments Lab to be able to provide predictive modeling tools that will let editors maximize the audience a given video will get. "That's what we believe will be the next thing, and we're not very far from that because audience data is very easily available on YouTube," he said. "The tech is not the issue, it's more the rights." Check out key slides from the pitch deck Moments Lab used to raise its Series B, with some confidential information removed. Its clients are in sports, media, and consumer brands Moments Lab Moments Lab lists some of its clients, including Hearst, LVMH, Banijay Entertainment, and Brut. It also gives proof points: 15,000 users 250,000 hours of video 50 enterprise customers 3,000 hours of video processed daily The company touts its expertise and awards Moments Lab It's working to make rough cuts from raw footage It cuts the time it takes to sift through raw footage Moments Lab Moments Lab's key employees and investors Moments Lab
Hypebeast
6 hours ago
- Hypebeast
Chanel Is Entering the Recycling Business
Afterslowing down its price hikesin the wake of declining sales,Chanelhas announced an entirely new business venture: a standalone imprint dedicated to making recycled materials from fabric offcuts, unused textiles, and unsold items at scale. Titled Nevold (short for 'never old'), the entity is led by Sophie Brocart, the former CEO of Patou, who joined the Chanel team in January. Under her leadership, Nevold will become a 'business-to-business open platform' that tackles resource scarcity, as many of luxury's favorite textiles, including cashmere, silk, and leather, face threats from climate change, perBusiness of Fashion. The business also addresses the fashion industry's waste problem, the brunt of which is often placed on fast fashion. Luxury, however, claims a fair share in the damage, with unsold inventory at industry-leading conglomerates like Kering and LVMHclimbing to billions of dollarsover the last decade. 'We started by asking ourselves what happens to the materials that don't make it into a final product, or those that reach the end of their first life,' Bruno Pavlovsky, Chanel's president of fashion, toldVogue Business. 'At Chanel, we didn't destroy unsold products. But we also didn't yet have a real system to understand their full potential. Nevold is that system.' Under the Nevold umbrella, there are three key operations: L'Atelier des Matières, the Chanel-created recycling company that pairs brands with textile waste solutions; Filatures du Parc, the leading European wool spinning mill known for its recycled yarns; and Authentic Material, the French leather recycling imprint. Working in tandem with each company, Chanel's goal is to make Nevold a key component of a 'profound transformation process that is rethinking the entire product lifecycle, developing new savoir-faire and professions… and contributing to a more circular economy,' according to a release. 'It's not about Chanel recovering her waste to do Chanel,' Pavlovsky said toBoF. 'It's Chanel recovering waste from Chanel and from whoever on the market who [is] ready to sell us the waste to recreate a new kind of materials.'
