Specialty stores are out to capitalize on the consolidating retail landscape.
After the mega retail mergers of last year, key players in the independent specialty store sector see opportunity rather than threat. In their view, this is the time to expand into new territories and add more doors, while many also are cobranding with fashion and accessories houses to offer consumers a more-special, less-homogenized shopping experience.
And with all the private equity capital out there, observers predict that it is only a matter of time before hedge funds and other investors start snapping up the leading specialty store players following Nordstrom’s purchase of the Jeffrey chain last year.
For complete coverage, see tomorrow’s WWD.