NEW YORK — Only a month after announcing expansion plans, the three-year-old Skinmarket beauty chain has closed its doors.
This story first appeared in the August 16, 2002 issue of WWD. Subscribe Today.
Company executives declined Thursday to speak about the shutdown, but an associate answering the phone at its Carpenteria-Calif. corporate office confirmed that all of the chain’s stores were shuttered as of the first week of August. The Skinmarket Web site has also been discontinued.
Skinmarket opened on the West Coast in 1999 as a cosmetics shop for teens. It was designed as a spot offering customer comfort and lots of color. It branched out to the East Coast in 2001 beginning with a shop in Tyson’s Corner, Va. Soon after, kiosks and shops averaging 1,700 square feet dotted Northeastern malls.
As of July, Skinmarket had 33 privately owned stores and had plans to build a wholesale business starting with six specialty retailers. It also claimed to have pending deals with two department store chains.
In all, Skinmarket offered some 900 stockkeeping units in its beauty collection.