Holt Renfrew is developing a freestanding men’s store on Bloor Street in Toronto to tighten its grip on Canada’s luxury market amid rising competition.
The freestanding men’s store, the first for Holt, will be located at 100 Bloor Street, site of a former Roots store. The men’s store will have 14,000 square feet over two levels and is expected to open in the fall.
“The stand-alone men’s shop will be a classic sartorial store and supports our growth plans to further enhance our luxury men’s wear and Holt Renfrew’s presence on Bloor Street — the destination for luxury,” said Mark Derbyshire, president of Holt Renfrew.
Holt officials said the men’s unit will take inspiration and ideas from the company’s recently renovated and expanded Yorkdale Shopping Centre store in Toronto, where there’s an area for men called The Lounge. It feels like a den, with a black BMW motorcycle and foosball table; luxury offerings from Fendi, Tom Ford and Jimmy Choo, among other designers, and a bevy of services such as free straight-razor shaves on vintage barbershop chairs, and free shoe shines. Holt has no additional freestanding men’s units in the works.
The retailer is also planning a major renovation and expansion of its 179,000-square-foot Bloor Street flagship, which will continue to sell men’s wear. “Enhancements for our 50 Bloor West flagship store will start in September and will add retail space,” Derbyshire said. In between the flagship and the future men’s store are Holt’s offices, a Gap, an office tower and Harry Rosen. Bloor Street is considered the Rodeo Drive of Toronto, housing Tiffany, Hermès and other luxury and upscale retailers. J. Crew Collection has just opened a store there.
Holt is working hard to strengthen its business in Canada to thwart Saks Fifth Avenue and Nordstrom, which both recently revealed locations for their first stores in Canada. Nordstrom will land right in the heart of downtown Toronto by opening a 213,000-square-foot store in the Toronto Eaton Centre in fall 2016. The first Nordstrom in Canada will open in the fall of this year at Chinook Centre in Calgary. After that, Nordstrom will open full-line stores in Ottawa, Vancouver, Yorkdale and Toronto’s Sherway Gardens. Nordstrom envisions eight to 10 full-line stores and several Nordstrom Rack units across Canada, as well as a separate online site.
In Toronto, Hudson’s Bay Co. will carve out 150,000 square feet of its 750,000-square-foot downtown Hudson’s Bay flagship to open its first Saks store in Canada in fall 2015. In spring 2016, Saks will open a second Canada unit at Sherway Gardens.
@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
“I’m Russian and I love to use all these little tricks that I got from my grandma or my mom. We didn’t have a lot of money for creams or anything like that so we would use a garden as a beauty treatment regime. We’d put cucumber in the fridge and do a cucumber mask,” says model @irinashayk on one of her beauty hacks. WWD asked celebs what their go-to self-care rituals are. See what Naomie Harris, Freida Pinto and more said on WWD.com. #wwdeye #wwdbeauty (📷: @zefashioninsider)
Exclusive: @viktorandrolf are teaming up with @Zalando on a collection made from leftover clothing. The lineup, which lands at the retailer February 1, includes 17 pieces adorned with sliced up and repurposed overstock from the retailer’s private label collection. Pictured here is a look from the collection –– see more on WWD.com. #wwdfashion #wwdnews
@duewestnyc is the newest bar joining the collection of intimate neighborhood-focused spaces in the West Village. The cocktail menu, which includes bitters and syrups made in-house, offers a “Build Your Own Old-Fashioned” – like the one pictured here – where guests can choose from a list of spirits and unexpected sugars and bitters. #wwdeye
Spotted at last night’s National Board of Review gala in NYC: Angelina Jolie. Jolie – along with Meryl Streep, @lupitanyongo and more – continued the all-black dress code from Sunday’s Golden Globes. #wwdeye (📷: @lexieblacklock)