With its online business substantially outpacing store sales, Chicago-based contemporary fashion retailer Active Endeavors plans to close all its units and become strictly an online retailer.
"The stores had become a bit of an albatross," said chief executive officer Drew Davis. He noted that his Web site, activeendeavors.com, generates more than $10 million in sales each year and continues to grow by 20 to 30 percent annually. Sales at his stores were flat.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)