Fashion Industry News Re-Cap for April 9th, 2018
FASHION INDUSTRY NEWS RE-CAP
for April 9th
No need to read the news every, damn, day. Stay up-to-date on the fashion industry with StyleDispatch.com and the Fashion Industry News Re-Cap! This week we are covering the new ghost town, pick-up towers, bankruptcies, etc…
If you want to see the future of storefront retailing, walk nine blocks along Broadway from 57th to 48th Street and count the stores. The total number comes to precisely one – a tiny shop to buy drones.
STORE SPACES British department store retailer John Lewis has gone big – in more ways than one. John Lewis’ newest location, the anchor of a major expansion at Westfield London shopping center, is big in its sheer size – 240,000 sq. ft. – and also big on personalization and experiences.
Friday’s chapter 11 filing shows that the company owes more than $1 billion. Nine West said in a statement that it plans to sell Nine West and its Bandolino line to Authentic Brands Group. ABG owns Juicy Couture and Aéropostale, among others. The company’s eponymous brand and Bandolino both sell women’s shoes, handbags and accessories.
Editor’s Note: The views expressed here are that of the reporter and do not necessarily reflect editorial positions of Retail Dive. Welcome to 1.2 million square feet of your worst nightmare. We’re in a massive Amazon facility, perhaps around a half mile long on its longest side.
The question is, will that be enough to save stores on the brink? Experts say don’t count on it. Shoppers have made it clear they want to do more of their shopping online and on their smartphones. Shares in Amazon are up 55% this year. That kind of says it all.