Saks Fifth Avenue will close by July its 33,000-square-foot store in the 225,000-square-foot Majestic Square development in Charleston, S.C., and hand over the lease to trendy fashion specialty retailer Forever 21.
It’s another sign that Saks is intent on weeding out weak units to focus resources on healthier, more productive stores, and that the L.A.-based, Korean-owned Forever 21 is eager to take over locations. Aside from the Saks unit, Forever 21 has taken over former locations of Mervyns and Gottschalks, among other retailers.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"