Henri Bendel’s brick-and-mortar stores and website to close on Feb 1, 2019

The closure of Henri Bendel by L Brands Inc, its parent, brings an end to a company which opened its first store in New York’s Greenwich Village in 1895.

The owner of Victoria’s Secret – L Brands Inc – stated it would be shuttering all of its 23 Henri Bendel stores and its Henri Bendel e-commerce website in January 2019.

The closures comes in the wake of the company slashing its 12 months earnings forecast in August, citing lower demand for its PINK line of lingerie midst increased competition from its peers which include American Eagle Outfitter’s Aerie.

L Brands expect Henri Bendel, to bring in revenues to the tune of $85 million for 2018. Henri Bendel sells luxury fashion accessories, women’s handbags, and jewelry.

L Brands did not provide details of costs for closing the business.

The stores and the Henri Bendel website will remain operational upto January 31, 2019.

L Brands acquired Heri Bendel in 1985. Incidentally, Heri Bendel opened its first store in New York’s Greenwich Village in 1895.


Categories: Creativity, Entrepreneurship, HR & Organization, Regulations & Legal, Strategy

Tags: , , , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: