Saks Fifth Avenue, continuing to prune its store base, said Tuesday that its unit in WestShore Plaza in Tampa, Fla., will close May 4, affecting 105 associates.
“We never like closing stores,” Stephen I. Sadove, chairman and chief executive officer of Saks Inc., told WWD. “It’s never an easy decision. But Tampa’s volume was declining. We didn’t think there was a longer-term growth opportunity for us. We think we can make better use of corporate funds. We are investing in a new store in Sarasota, which is less than an hour away from Tampa.”
Asked how many more Saks Fifth Avenue stores could close in the future, Sadove replied, “I don’t think you will see a huge number of store closings going forward.” He added that the company regularly assesses the productivity, profitability and potential of each store. Saks Inc. operates 43 Saks Fifth Avenue stores, 66 Saks Off 5th outlets and saks.com.
The company previously said it will close its Stamford, Conn., store in early 2014, and the store in the Galleria in Dallas will close in June. Over the past decade, Saks Fifth Avenue has closed 19 stores.
In Tampa, the Saks associates will be offered transfer opportunities or will receive employment separation packages. The Tampa store is 15 years old. In Sarasota, a new 80,000-square-foot Saks, opening in The Mall at University Town Center in 2014, will replace an existing 40,000-square-foot unit.
Taking the final spot on the mens’ portion of New York Fashion Week calendar next month will be none other than @tomford. Though he’s shown his men’s wear in New York in the past, this will mark the first time the designer has shown his men’s collection alone during New York Fashion Week: Men’s. His runway show will debut on February 6 at the Park Avenue Armory. #wwdfashion
London-based couture house @ralphandrusso has certainly been in the spotlight, having its dresses worn by @beyonce, Angelina Jolie, Meghan Markle in her engagement photos and more. For couture, Tamara Ralph focused on ornamentation — think: feathers with chain mail, jet embroidery and clusters of pearls and crystals. See the rest of the collection on WWD.com #wwdfashion #couture (📷: @giovanni_giannoni_photo)
Minnie Mouse celebrated her 90th birthday by getting her own star on the Hollywood Walk of Fame. For her celebratory luncheon, @coach’s creative director @stuartvevers dressed her in a custom made prairie dress, complete with Vever’s take on the polka dot – black sequined versions – under a cropped motorcycle jacket. The designer also put his own mark on Minnie’s classic red shoes, infusing the color with sparkles and adding some Coach crystals. “We chose colors that were very Minnie and also represented quintessential Coach elements,” said Vevers. #wwdfashion #nationalpolkadotday (📷: George Chinsee)
@nickjonas is unveiling his first-ever apparel collection through a partnership with John Varvatos. The limited-edition capsule, which makes its debut in spring, also marks the first time the designer has collaborated with anyone on a line. “The process in working with Nick is amazing. It’s inspiring to be around someone who is not only connected with the trade that they do, but also with what’s happening in the environment around him, and how that connects to what we do with style,” said Varvatos. (RG: @johnvarvatos) #wwdfashion
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)