NEW YORK -- Strengthening its dominance in the Northwest, The Seattle-based Bon Marche division of Federated Department Stores Inc. will take over two Gottschalks stores, in Coeur d'Alene, Idaho, and in Kennewick, Wash., and reopen both by late...
NEW YORK--Strengthening its dominance in the Northwest, The Seattle-based Bon Marche division of Federated Department Stores Inc. will take over two Gottschalks stores, in Coeur d'Alene, Idaho, and in Kennewick, Wash., and reopen both by late fall. The purchase price was not disclosed.Both properties will be remodeled beginning in August and renamed The Bon.Daniel Edelman, chairman and chief executive of The Bon Marche, said, "Federated continues to invest in our developing Northwest market." The Bon also plans to open a 110,000-square-foot full-line store in Yakama, Wash., in August and a 120,000-square-foot, full-line store in Redmond, Wash., in 2003. Stores range from 40,000 in Coeur d'Alene to over 358,000 square feet at the Seattle downtown flagship.The Coeur d'Alene store in the Silver Lake Mall will occupy 44,000 square feet and operate as a full-line store. The Bon will continue to operate its resort location on Sherman Avenue in downtown Coeur d'Alene.The Kennewick store in Columbia Center Mall will occupy 40,000 square feet and sell an expanded assortment of men's and children's merchandise. The addition also enables the existing 80,000-square-foot Bon store in the center to broaden its selection of women's, home,cosmetics, accessories, intimate apparel and shoes, with men's and children's moving to the new site."We've been looking for a way to expand our Columbia Center store for years," Edelman said. "It's been a terrific location, posting well over $300 in sales per square foot." The expansion will lead to a drop in productivity, he acknowledged, but he expects the store to eventually bounce back to the $300 range.In several cities around the country, Federated has two stores in the same center. Macy's West, for example, has two stores in more than 15 communities.With the addition of the Coeur d'Alene store, The Bon will have 45 locations. Columbia Center will still be counted as one location.Last year, the company racked up just under $1.1 billion in revenues and opened an 80,000-square-foot prototype in a strip center in Helena, Mont., that is smaller than most Bon stores, with only one floor, a central checkout, shopping carts and a streamlined assortment that exudes brands but excludes furniture. It's a move that aims to draw on the successes of Kohl's, provide faster, easier shopping and potentially be a venue for entering smaller markets."The store is doing well," Edelman said. "We are definitely thinking about future locations," under the same format. "We don't have anything yet, but we are looking at a variety of markets."Gottschalks' sale of the two stores is a sign that the chain's Northwest incursion, far from its California base, has not met expectations."
Breaking News: @louisvuitton's men's artistic director @mrkimjones is leaving the French fashion house after nearly 7 years. Jones joined Louis Vuitton in 2011, following a three year tenure as creative director of British luxury goods brand Alfred Dunhill. Jones is to exit Louis Vuitton after showing his fall 2018 collection for the brand in Paris on Thursday. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
For men’s fall 2018, @giuseppezanotti drew on elements from streetwear, sport, biker, combat and rock ‘n’ roll. Pictured here are a pair of shoes from the collection, featuring zippers, rhinestones, and silver hardware. Head to WWD.com to see a roundup of the accessories from Milan’s men’s fall 2018 shows. #wwdfashion (📷: Andrea Delb)
To celebrate the 25th anniversary of @ralphlauren’s snowboarding collection, the brand is mining its archives. The iconic brand is reintroducing vintage styles and dropping new designs for a color capsule that will be available in Ralph Lauren stores and @openingceremony on January 25. The capsule will consist of 10 pieces, including the Snow Beach Pullover, pictured here, which is a collector’s item that rapper Raekwon wore in Wu-Tang Clan’s “Can It Be All So Simple” video. #wwdfashion (📷: Tom Gould)
For @rochasofficial’s pre-fall 2018 collection, creative director Alessandro Dell’Acqua channeled the sophisticated and intriguing Catherine Denevue in the film “Belle de Jour.” Polished collarless coats, midi skirts, suits and ’60s graphic motifs were all featured in the collection, adding a sense of discreet luxury. See the rest of the photos on WWD.com #wwdfashion
“We tried to produce clothing of that couture quality, but the most daunting part was that we only had a matter of days [to do it],” said costume designer Lou Eyrich, who recreated Gianni Versace’s iconic looks for @americancrimestoryfx. Eyrich searched online retailers and vintage shops for original pieces from the design house and for @penelopecruzoficial, who plays Donatella Versace. Head to WWD.com to read how she created the Versace world. #wwdfashion
Only three months after her stellar debut catwalk season, @kaiagerber has inked her first big design collaboration –– with @karllagerfeld. The collection blends Lagerfeld’s Parisian chic aesthetic and the model’s signature West Coast casual style via RTW, accessories, footwear and more. The #KarlLagerfeldxKaia collection will launch in September with a series of events. Get all the details on WWD.com. #wwdnews #wwdfashion
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews