Time has apparently run out for Kenneth Cole Productions Inc.’s 17,000-square-foot Rockefeller Center flagship in New York.
The company confirmed last week that the unit would close before April, along with eight other full-price stores.
The New York-based maker of contemporary apparel, footwear and accessories said it would provide details on the impact of the closures in its fourth-quarter earnings call on March 1.
Kenneth Cole has talked about shuttering its Rockefeller Center store for several quarters, but last week’s news confirmed there will be an opening in one of retail’s most coveted spaces. The Kenneth Cole store is situated just across from Saks Fifth Avenue in a tourism hot zone.
Speaking at the ICR XChange Conference in Dana Point, Calif., Thursday, Jill Granoff, chief executive officer of Kenneth Cole, cast the issue in dollars-and-cents terms. “We are committed to getting our full-priced chain profitable,” she said. “We will also continue to look at opportunities to reduce overhead where we think we have the opportunity to be linear and more nimble.”
The locations of the other stores scheduled for closure weren’t disclosed. Reports also have placed the company’s store at East 57th Street and Lexington Avenue in New York as being up for grabs.
The firm said last year it closed eight full-price stores, in line with the five to 10 unprofitable stores it anticipated shuttering.
Currently, Kenneth Cole operates 170 stores worldwide, 100 of which are in the U.S.
Taking the final spot on the mens’ portion of New York Fashion Week calendar next month will be none other than @tomford. Though he’s shown his men’s wear in New York in the past, this will mark the first time the designer has shown his men’s collection alone during New York Fashion Week: Men’s. His runway show will debut on February 6 at the Park Avenue Armory. #wwdfashion
London-based couture house @ralphandrusso has certainly been in the spotlight, having its dresses worn by @beyonce, Angelina Jolie, Meghan Markle in her engagement photos and more. For couture, Tamara Ralph focused on ornamentation — think: feathers with chain mail, jet embroidery and clusters of pearls and crystals. See the rest of the collection on WWD.com #wwdfashion #couture (📷: @giovanni_giannoni_photo)
Minnie Mouse celebrated her 90th birthday by getting her own star on the Hollywood Walk of Fame. For her celebratory luncheon, @coach’s creative director @stuartvevers dressed her in a custom made prairie dress, complete with Vever’s take on the polka dot – black sequined versions – under a cropped motorcycle jacket. The designer also put his own mark on Minnie’s classic red shoes, infusing the color with sparkles and adding some Coach crystals. “We chose colors that were very Minnie and also represented quintessential Coach elements,” said Vevers. #wwdfashion #nationalpolkadotday (📷: George Chinsee)
@nickjonas is unveiling his first-ever apparel collection through a partnership with John Varvatos. The limited-edition capsule, which makes its debut in spring, also marks the first time the designer has collaborated with anyone on a line. “The process in working with Nick is amazing. It’s inspiring to be around someone who is not only connected with the trade that they do, but also with what’s happening in the environment around him, and how that connects to what we do with style,” said Varvatos. (RG: @johnvarvatos) #wwdfashion
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)