CLUB MONACO SET TO OPEN S.F. STORE
Byline: David Moin
NEW YORK — Club Monaco, which last year was bought by Polo Ralph Lauren Corp., plans to open a store in the former Bullock & Jones men’s store in San Francisco.
While most Club Monaco stores are in the 6,000-square-foot range, the San Francisco site, at 340 Post Street, less than a block from Union Square, has 16,000 square feet.
In San Francisco, Saks Fifth Avenue previously operated the Bullock & Jones store, which was the only one in the country. Saks continues to operate Bullock & Jones’s direct mail business, which is comprised of 24 catalogs and offers a broad selection of men’s designer clothing, casual apparel and shoes.
Saks also plans to sell some Bullock & Jones merchandise in certain locations this year. Saks Inc., parent of Saks Fifth Avenue, agreed to transfer the lease on the Bullock & Jones store to Club Monaco.
Polo Ralph Lauren agreed to buy the trendy Toronto-based Club Monaco specialty chain for $81.5 million a year ago.
Club Monaco stores sell outerwear, sportswear, casualwear, sleepwear, underwear, watches, bags, belts and cosmetics. A few of the stores in Canada carry Club Monaco Baby and Club Monaco Everyday, a home line.
In addition to Club Monaco, Lauren is expected to expand its other new retail concepts, including Polo Sport and Polo Jeans, but two weeks ago the company suffered a setback with the departure of Steve Grasso, who was senior vice president of Polo Jeans Co.
The move raised some speculation that the company was scaling back on expanding the concept.
However, a Polo spokeswoman said Grasso left to join an Internet firm. She also said that there are 13 Polo Jeans stores operating.
No information was available at press time about how many Polo Jeans stores are currently planned.
At one time, Lauren reported that a couple of dozen more are planned for the next two years.
In other news at Ralph Lauren, Richard Sementelli and John Kirwan were promoted to senior vice presidents, from vice presidents.
Sementelli will handle sales for Polo brands and Kirwan supervises the Polo Ralph Lauren Sport division.
He will continue to oversee basic stock replenishment and t retail analysis and planning.
Kirwan was executive director of the Polo Ralph Lauren golf division.
In his newly created post, he will oversee the women’s and men’s divisions of Polo golf and RLX Polo Sport.