Friday, May 1, 2009

Word On The Street: Bendel's Without Clothes?

Came across this bit on the NYT today:
A venerable name in New York retailing, Henri Bendel, is planning to stop selling clothes this summer and focus on accessories and beauty products as it struggles to lure shoppers during a prolonged recession.
The article goes on to say the store will be laying off 8% of its employees and get this, Limited, it's parent company, plans to turn Bendel's into a "mall-like chain." Yikes. Is this the end of my love affair with Bendel's?

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