Tuesday, October 26, 2021
76.2 F
Fort Worth

Kenneth Cole to shut down almost all its brick-and-mortar stores

🕐 1 min read

Kenneth Cole Productions, a fashion house and shoe company founded more than three decades ago, is closing almost all its stores, effectively ending its run as a U.S. brick-and-mortar chain.

The New York-based retailer will shutter its 63 outlet stores over the next six months, Chief Executive Officer Marc Schneider said in an e-mail Friday. That leaves Kenneth Cole with just two full-priced stores in the U.S. following an earlier paring of those locations. The company will be focusing efforts on its e-commerce site and international business, Schneider said.

Kenneth Cole also will continue to sell merchandise through other retailers.

“As we continue on our path of strengthening our global lifestyle brand, we look to expand our online and full-price retail footprint across the globe,” he said. “We need to focus our energies and resources to better serve the consumer on their terms.”

Retailers — healthy and distressed alike — have been shrinking and shutting down stores as more spending moves online. Kenneth Cole opened its first store in 1984 on New York’s Upper West Side, two years after its eponymous founder created the brand.

Kenneth Cole, who serves as chairman and chief creative officer, took the company private in 2012 after years in the public markets.

Other than its soon-to-be shuttered outlets, Kenneth Cole currently lists two regular stores on its website: a shop in New York’s Bowery neighborhood and a location in Arlington, Virginia, near the Pentagon.

Related Articles

Our Digital Sponsors

Latest Articles

Texas Rangers
Fort Worth Business Press Logo
This advertisement will close in
00
Months
00
Days
00
Hours
00
Minutes
00
Seconds
seconds..
Click here to continue to Fort Worth Business Press

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate