advertisement
Forums

The Forum is sponsored by 
 

AAPL stock: Click Here

You are currently viewing the Tips and Deals forum
bendel like Beckham?!.....'Henri Bendel' *going out of business* [ L Brands closing all stores ].....
Posted by: NewtonMP2100
Date: September 14, 2018 08:41AM
.....all 23 stores after the holiday season......L Brands will focus on it's other brands 'Victoria Secrets' and 'Bath & Body Works'......


Henri Bendel is closing after 123 years in business

......Henri Bendel is going out of business.

Parent company L Brands announced Thursday it's closing Bendel's website and all of its 23 stores, including the store's iconic Fifth Avenue location in New York, in January 2019 because of sluggish sales.

L Brands said in a statement that it's closing Bendel "to improve company profitability and focus on our larger brands that have greater growth potential," which includes Victoria's Secret and Bath & Body Works.

Bendel makes up a small portion of L Brands' sales. Last year, the company reported revenue of $12.6 billion. The company said Bendel's 2018 sales were approximately $85 million, adding that it's in the process of estimating closing costs.

The upscale brand, best known for its designer purses and shoes, was founded in 1895 by Henri Bendel. In 1913, the brand became one of the first luxury retailers to open a flagship store with an "upper FIfth Avenue address," according to its website. L Brands acquired Bendel in 1985 and led its expansion into 11 states.


L Brands is having a difficult 2018 because of increased retail competition.

The stock is down 55% for the year, making it one of worst performing companies in the S&P 500 for the year



and so it ends...........?!



____________________________________________________

I reject your reality and substitute my own!



Edited 3 time(s). Last edit at 09/14/2018 09:24AM by NewtonMP2100.
Options:  Reply • Quote
Re: bendel like Beckham?!.....'Henri Bendel' *going out of business* [ L Brands closing all stores ].....
Posted by: Steve G.
Date: September 14, 2018 11:22AM
You seem to miss the fifth Avenue icon. Could you share some of your cherished shopping experiences in this landmark retailer?
Options:  Reply • Quote
Re: bendel like Beckham?!.....'Henri Bendel' *going out of business* [ L Brands closing all stores ].....
Posted by: ztirffritz
Date: September 14, 2018 12:45PM
Never heard of him.



**************************************
MacResource User Map: [www.zeemaps.com]#
Options:  Reply • Quote
Re: bendel like Beckham?!.....'Henri Bendel' *going out of business* [ L Brands closing all stores ].....
Posted by: testcase
Date: September 14, 2018 04:54PM
Who will want to buy holiday presents from a store that will soon cease to exist? dunno smiley
Options:  Reply • Quote
Sorry, only registered users may post in this forum.

Click here to login

Online Users

Guests: 281
Record Number of Users: 52 on November 20, 2014
Record Number of Guests: 2330 on October 25, 2018