Monday, May 4, 2009

Bendel's and Filene's Basement

No surprise: Filene's Basement has filed for Ch 11 bankruptcy. A few posts ago I wrote about how the off-price retailing model was never meant to be a mass-market business. Whatever emerges from this Ch 11 bankruptcy, it won't be the treasure-hunt off-price model of the past.

Henri Bendel, the luxe NYC specialty retailer, is leaving apparel behind to concentrate on higher-profit accessories and cosmetics. Not sure Bendel's will make it with such a limited focus (and in a city where shoppers have so many upscale choices).

Where will the wheel of retailing turn next?

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