Henri Bendel New York
In response to some tough economic circumstances, Henri Bendel‘s parent-company CEO Leslie Wexner has opted to eschew the luxury apparel market in favor of focusing their stores only on accessories, beauty products, and gifts. Bendel‘s is one of the first major luxury retailers to make such a drastic move to improve their business models in the country’s current economic climate, and one has to wonder – will the risk pay off?

I have a bit of a feeling that it might. Personally, when I go into a high-end retailer, I almost never look at ready-to-wear. I head straight to the shoes, handbags, and makeup, and statistics say that I’m not nearly the only one that does exactly that. Those product categories are far and away the most profitable and popular ones at any similar type of retailer (or any luxury brand that makes them, for that matter), largely because they’re the types of products that are accessible to the largest number of customers.

I honestly couldn’t care less if my local Neiman Marcus carried any clothing at all, as long as the keep the bags and shoes front and center. There’s a lot of cost associated with stocking and displaying merchandise that takes up that much space, and if the space can be better filled by things that a larger number of customers would rather look at, then hey, why not? It’s so crazy, it’s logical. What not might be logical quite yet, though, are their plans to increase their total number of locations by 150% (which, in this case, means from 4 to 10) to a number of malls across America – might it not be prudent to sit back and see if the product shift works first?

Via WWD

P.S. Please consider supporting our small, bag-loving team by clicking our links before shopping or checking out at your favorite online retailers like Amazon, Neiman Marcus, Nordstrom, or any of the listed partners on our shop page. We truly appreciate your support!

Share Your Thoughts With Us

Now Trending

Featured Articles

News
Fashion Icon and Renowned Designer Karl Lagerfeld Has Passed Away
One of the most iconic designers of our time has died at 85
Trends
The Coolest Clear Bags You Never Knew You Needed
Until now…
Trends
Outfit Yourself This Valentine’s Day With Bags From Your Favorite Designers
Perfect bag picks to use now and beyond
Join 135,000+ enthusiasts and sign up for our newsletter