News Updates: January 2008
from the month of January 2008 are listed below.
Omega to be liquidated, leases going
Written by Justin on January 26, 2008 at 2:10PM
More scoop on Gilly Hicks
- Yesterday, a U.S. Bankruptcy
judge decided the fate of the Alpha Omega chain that had been
financially suffering for some time. The assets are being sold to an
investment consortium, which will liquidate the company.
- Although the chain will begin
discounting merchandise immediately, a large-scale liquidation will not
take place until an inventory of merchandise can be taken. When the
liquidation is complete this spring, Cranston, R.I.-based jewelry chain
Ross-Simons will take over the leases of the attractive Prudential
Center and Natick Collection stores. The consortium will negotiate with
other retailers to find new tenants for the company's Burlington Mall
location and flagship Harvard Square store.
- The Boston Globe has the full
story at http://www.boston.com/business/articles/2008/01/26/judge_oks_sale_of_alpha_omega_assets/.
Written by Justin on January 26, 2008 at 2:02PM
Chipotle Mexican Grill coming to Framingham
Written by Justin on January 24, 2008 at 1:06AM
Is Gilly Hicks even open?
- It was speculated last summer
that Fresh Mex chain Chipotle Mexican Grill would be coming to
MetroWest via the former Borders Books & Music building that's now
partially occupied by a Sprint store. So it was good to hear from F/NR
reader and contributor Dave that those plans still seem to be on. As he
- "...I recently asked a manager
at Chipotle Grill in Medford if they were going to open up in Metrowest
and he said 'yes'. They are going to be taking part of the
old Borders building across from Ken's Steakhouse."
- Currently, the nearest
Chipotles are in Dedham and Cleveland Circle/Brighton.
Written by Justin on January 24, 2008 at 12:53AM
Gilly Hicks to open first store at
- Yes, at least according to the
Natick Collection's website.
- But this seems to be a pretty
weak launch for the Abercrombie & Fitch-owned brand. No fashion
show opening, no coverage in any retail trades (as the press was not
invited to the investors tour with CEO Mike Jeffries), an extremely
lacking website, not even a press release that it is open for business.
I'd bet that the company's other spin-offs abercrombie, Hollister, and
Ruehl No.925 didn't have exclusive launches with no publicity.
Hopefully the company is just waiting for more stores to open before
they make a splash, because this is exceptionally lame.
- I could only find one blog with
a photo, check out R&R Watch ATL at http://ezshopperatl.blogspot.com/2008/01/abercrombie-launches-new-concept.html.
Written by Justin on January 18, 2008 at 11:28PM
JasmineSola prepares to close for good very
- Abercrombie & Fitch Co.
executives and retail journalists are expected to gather at the
Collection this Monday morning for the unveiling of the company's long
awaited fifth concept.
- Gilly Hicks (also marketed as
Gilly Hicks: Sydney), the company's fifth brand, will open it's first
location next to the Apple Store in the expanded corridor. Very little
is known about the chain, other than that it will feature
Australian-inspired underwear. Stay tuned to Framingham/Natick Retail
for more information.
- For more information, check out
a press release at http://money.cnn.com/news/newsfeeds/articles/prnewswire/CLTH115A17012008-1.htm.
Written by Justin on January 18, 2008 at 10:56PM
- Another Boston institution is
preparing to shut it's doors forever in just a few days. This time,
it's not Fleet Bank, Buzzy's Roast Beef, or Jordan Marsh (all R.I.P.),
but the upscale JasmineSola women's boutiques. On January 27th, they'll
- Founded in 1970 by Luciano
Manganella, the company started out selling clothing made by
Manganella's family and other small designers. As time went on, the
store became the first in Boston to feature such brands as Steve
Madden, and caught onto the designer jeans craze at the right time to
become the go-to retailer for fashionable and affluent high school and
- However, the sale of the
company to New York & Company for $30 million in July 2005 led to
the firing of Manganella shortly after, under charges of sexual
harassment. Without the founder, the stores had no direction; a store
opened by New York & Co. in Miami had sales of less than $1000 some
days. New York & Co. swapped manufacturers for the house "Jasmine"
label, and quality declined severely. Some may have thought something
was up when JasmineSola did not
open in the Natick Collection this past September. Last October, New
York & Co. announced plans to shutter the chain, and it is now
finally becoming a reality.
- Labelscar.com has a interesting
look at the situation, you can check that out at http://www.labelscar.com/retail-news/jasmine-sola-going-out-of-business.
The Boston Globe also said more last month at http://www.boston.com/lifestyle/fashion/articles/2007/12/22/for_iconic_boutique_a_swift_unraveling/,
and Boston Magazine had a great piece at http://www.bostonmagazine.com/articles/luciano_manganella_s_final_sale/.
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