Barneys New York will close its 88,000-square-foot store at the NorthPark Center in Dallas in early April.
There has long been speculation that the Dallas store, along with units in Scottsdale, Ariz., San Francisco and Las Vegas, don’t perform as well as Barneys’ flagship on New York’s Madison Avenue, and units in Beverly Hills, Seattle and Chicago.
Chief executive officer Mark Lee said in May that Barneys would not be closing any stores. However, on Monday, workers at the Dallas store were given the news and the company issued a statement: “After careful consideration, Barneys New York has exercised its contractual right to terminate the lease for its Dallas location prior to its expiration. The store will remain open through early April. Barneys’ operational and financial performance is strong and we remain focused on investing in our flagship stores across the country as well as Barneys.com. As always, we are committed to our loyal customers and enhancing the Barneys experience.”
Barneys opened its Dallas unit in fall 2006.
The retailer said it’s planning to continue renovations to the New York flagship, which has undergone extensive renovation in the past two years. The sixth floor of the Madison Avenue store will become a luxury ready-to-wear floor for men’s and women’s. The new men’s ground floor will be completed in May. For the first time in 20 years, the Beverly Hills flagship will undergo renovations next year.
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
@prada is introducing a new project at its men’s fall 2018 show this Sunday: “Prada Invites.” The fashion house invited four celebrated creative minds – @ronanaerwanbouroullec, Konstantin Grcic, @herzogdemeuron and @rem.koolhaas – to each create a unique item with its iconic nylon material. The designs will be unveiled on the runway show, which will take place at the company’s warehouse in Viale Ortles 25. #wwdfashion #mfwm (📷: @martinocarrera)
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion