Carson Street will cease to exist.
The men’s wear store, which was originally named Carson Street Clothiers, will close its doors on June 15.
In a press release, cofounder Matt Breen stated the following:
“When our doors opened in March 2013, we had one goal: to bring something new to the men’s clothing market, both in New York City and around the world. We approached the business from a ‘fan-first’ perspective, which fueled our desire to continuously bring new product to the market, find and cultivate new brands and relationships, and keep Carson Street interesting to its loyal, amazing customers.”
This closure comes shortly after cofounder Brian Trunzo announced he was leaving the business to pursue different projects stating, “Carson Street is, and will always be, a defining body of work for me. But there’s more work to do out there.”
The retailer seemed to be in growth mode. Just a couple of weeks ago, WWD reported on Carson Street‘s new, larger store on Greene Street — they closed the Crosby Street Store — and its brand roster revamp, which moved away from tailored clothing and into more progressive designer brands including E. Tautz, Lemaire and J.W. Anderson. The founders’ goal was to merchandise these brands in a wearable way that appealed to creative professionals. “We are buying beautiful clothing as opposed to buying ideas,” said Trunzo. They even hinted at opening an additional store in either Los Angeles, San Francisco, Washington, or Chicago in fall 2017.
The brand also launched a separate American-made men’s wear line, Deveaux, earlier this year at New York Fashion Week: Men’s. That line, which was picked up by United Arrows, Totokaelo, Biotop and Spruce, will continue to be produced. According to Breen, they will show the spring 2017 collection this July. The collection, which is designed by Breen, Patrick Doss and Andrea Tsao, who’ve held positions at Sid Mashburn and Michael Bastian, respectively, has a luxury price point and retails from $150 for cotton T-shirts to $4,995 for shearling outerwear. When WWD previously spoke with the founders, they were insistent on keeping production in the U.S.
Although their retail concept garnered lots of attention within the men’s wear industry, the founders declined to say whether their self-funded business was profitable or not.
“Our goal is to get things set up now and worry about profitability next,” Breen previously said. “Part of doing this and leaving the legal community was to be our own bosses, but if Mickey Drexler walked in the door and said he wanted to invest in our business, I would be open to the conversation.”