Paul Stuart is heading to the nation’s capital.
This story first appeared in the May 22, 2014 issue of WWD. Subscribe Today.
The venerable New York-based specialty store will open a nearly 10,000-square-foot store at the new CityCenterDC development next spring. This will mark the first U.S. addition for the retailer since it was acquired by Mitsui & Co. in late 2012. Paul Stuart operates a 60,000-square-foot flagship on 45th Street and Madison Avenue in New York as well as two units in Chicago on LaSalle Street and Oak Street. Outside the U.S., there are two Paul Stuart flagships in Tokyo — in Aoyama and Ginza — as well as about 100 in-store shops in department stores and outlet centers throughout Japan. When Mitsui acquired Paul Stuart, the Japanese conglomerate said it would expand the store’s presence in the U.S. and Asia.
The CityCenterDC store is being designed by Charles Sparks + Company, the architects for Paul Stuart’s Chicago locations. Charles Sparks also works with Neiman Marcus, Saks Fifth Avenue, MoMA Design Store and the Art Institute of Chicago. The new store will feature a clean, contemporary design using glass, bronze, marble and zebrano wood and include a lot of open space, according to the retailer.
Paul Stuart has long eyed Washington as a logical city for expansion. According to president and chief executive officer Michael Ostrove, “D.C. makes perfect sense for us; it is a city that values style, refinement and sophistication over the constantly shifting vagaries of fashion. We believe that our unique and definitive approach to Anglo-American men’s wear — and the fact that we value quality and substance in every aspect of our business — will be particularly well received in the District.”
CityCenterDC is located just east of the White House on the 10-acre footprint of the former Washington convention center. It offers 2.5 million square feet of condominiums, apartments, offices, public spaces, hotel, restaurants and shops. Other retailers who have signed on to open, or are already operating at the center, include Hugo Boss, Burberry, Kate Spade, Longchamp, Tumi and Zadig & Voltaire.
Paul Stuart was founded by Ralph Ostrove and his cousin Norman and celebrated its 75th anniversary last year. The name is registered in more than 30 countries in the Americas, Europe and Asia, all controlled by Mitsui.