L Brands (LB) 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. Get the lowest price on your favorite brands at Poshmark. Search, watch, and cook every single Tasty recipe and video ever - all in one place! "Walking into a store you're not familiar with and seeing racks upon racks of everything from home goods to handbags can be unpleasant for those shoppers because it feels like an environment and product assortment created by a marketing firm instead of one dreamed up by a couple of creative people with good taste. But the company’s focus on its own private-label accessories and hand-bags ”fell flat” — with designs that looked like cheap Michael Kors and Kate Spade knockoffs, said retail consultant Gabriella Santaniello of A-Line Partners. The time to snag some of their luxury products (before they're all completely sold out) is now. CNN Sans™ & © 2016 Cable News Network. There are nearly 300 bags available right now on the brand's website, and with that kind of range, there's no way everything will be good or that it will present a cohesive vision of what the brand stands for to a shopper that's browsing for the first time. Sign up for Insider Retail. BeautyMatter also publishes highly curated news and exclusive original pieces by thought leaders and beauty insiders. This, a brand and retailer that carved out so many firsts—so how does a business like Henri Bendel end up in the retail dustbin? **continues to weep**. Terms of Use
At the end of its life, the brand had 23 stores to manage, some of … It once “had a wide range of price points and different brands all wrapped up in a beautiful, iconic location where you just felt special walking in the door,” Santaniello said. Tory Burch is a prime example of a brand who has gone about it the right way, by carrying not only exquisitely designed higher end apparel and accessories but also lower-end logo products. In the L Brands portfolio, Bendel's is certainly the most luxurious of the offerings, but to the Millennial shopper it doesn't feel like one. On a slightly more optimistic note, there is a silver lining to the fact that Bendel's is shutting their doors.
“A lot of these older brands have this problem,” Richie Siegel, founder and lead analyst of consumer advisory firm Loose Threads, told Digiday. Some of the bags are very good and on-trend, especially at Bendel's low three-figures price point, but there's too much to sort through to find them. BUT! Henri Bendel — the iconic department store known for bringing Coco Chanel to the US and catering to generations of so-called “Bendel Girls” — is shutting its doors after 123 years. Reporting on what you care about. Henri Bendel, an iconic, high-end retailer on New York's Fifth Avenue, announced Friday that it would be closing its doors after 123 years in businesses. 1994: The partnership with illustrator Izak Zenou began.
I agree with Sarah Solomon of TheStreet that L Brand made the misstep of treating Henri Bendel like any other mall brand. As part of that effort, we have decided to stop operating Bendel to improve company profitability and focus on our larger brands that have greater growth potential," L Brands chairman and CEO Leslie Wexner said in a statement on Thursday. However, the majority of people that shop at those stores are not interested in wearing logos, and rather let the products be a symbol of good taste for those in the know, or as a standalone item that's simply a hallmark of good style. Heritage brands take work to ensure they evolve with the times. Henri Bendel, the iconic luxury brand that has its flagship store on New York's Fifth Avenue, is closing after 123 years in business. We hope you love the products we recommend! L Brands, which also owns Victoria's Secret, PINK, Bath & Body Works, and La Senza, announced on Friday that it would be closing all 23 Henri Bendel stores, including its website and flagship store, to focus on its more profitable brands. In terms of legacy brands, Bendel's is definitely up there with names like Tiffany's and Brooks Brothers. The Henri Bendel flagship store is filled with handbags, sunglasses, wallets, jewelry, and other accessories, all elegantly displayed under big, beautiful chandeliers and surrounded by gold decor. Just so you know, BuzzFeed may collect a share of sales or other compensation from the links on this page if you decide to shop from them. On the other end of the spectrum, Ralph Lauren has multiple levels of pricing but is having trouble maintaining its value as a luxury company because of its marked-down prevalence in department stores. ", "Ultimately, their bags and accessories look like what a teenager thinks a 'New York Woman' would carry," noted a New York transplant and former Bendel's shopper who is familiar with the company's history. We've received your submission. Accessorize your Christmas outfit with the perfect bag! Shop authentic Henri Bendel Handbags at up to 90% off.
L Brands is shuttering all 23 locations, online operations, and the Fifth Avenue flagship, to improve profitability for the mothership and because it stood in the way of other growth opportunities. #BendelGirls, it's been real — peruse the rest of the sale here and don't cry because it's over, smile because it happened. Henri Bendel and the Death of Luxury. With Nordstrom and Neiman Marcus opening new stores on the West Side, “the whole geography has changed,” Johnson said. That's a whole lot of firsts for a brand slowly drifting into irrelevance, only buoyed by the ghost of its storied past. Henri Bendel is going out of business. A Warner Media Company.
Henri Bendel is closing after 123 years in business. 1913: Henri Bendel implemented a number of retail firsts: the first luxury retailer to open on upper Fifth Avenue, the first to implement a semi-annual sale, the first to offer in-store makeovers and stage fashion shows, and the first to bring Coco Chanel to America.
2018: It was announced Henri Bendel will close after 123 years in business. Election results map: Live updates from across the US, Gambler bets $5 million in biggest-ever political wager, Kourtney Kardashian peddles COVID-19 mask conspiracy, Playboy model with revealing top 'humiliated' on flight, 2020 presidential election live updates: Results, exit polls and more, Grocery truck drivers who supply Whole Foods threaten to strike, Banks rushing to pay fines in case Biden wins election, British hedge fund tycoon leaves firm amid sex assault trial, Cardi B smokes three cigarettes at once while watching ‘states turn red’, Aerin Lauder reveals family’s post-Thanksgiving plans, What celebrities are stress-eating on election night, © 2020 NYP Holdings, Inc. All Rights Reserved, Shoppers say goodbye to Henri Bendel before it closes for good, As Bendel exits, tony Fifth Avenue aims to fill vacancies, Get your groove on with these ’70s-inspired accessories, Accountants accused of swindling nearly $170K from Henri Bendel, NYC restaurants are bracing for street chaos on Election Day, Spark Avenue! They didn’t change enough.”.
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