Two-decade old luxury retailer Scoop NYC may be on the verge of collapse.
The New York-based high-end boutique abruptly closed its Soho flagship location last week, an associate at Scoop NYC’s women’s store in Manhattan’s Meatpacking District confirmed today. Meanwhile, reports suggest that the luxury chain — known for its selection of designer labels such as Rag & Bone, Stuart Weitzman and Zac Posen —will shutter all doors in the coming weeks.
“We don’t really know what’s going on until they tell us,” the associate Footwear News today. “As far as I know, we’ll stay open until, at least, the end of week.”
The retailer is holding storewide liquidation sales at its New York-based locations, which include a women’s and a men’s store in the Meatpacking District, a store on the Upper East Side and one in Brookfield Place. Most of the stores’ wares are 10 percent off, while outerwear and accessories are 30 percent off, the associate said.
The company’s e-commerce site, www.scoopnyc.com, is also hosting a 10 percent off site-wide sale.
Shifts in consumer spending patterns, coupled with hefty brick-and-mortar costs as well as heightened competition from online players, have led a slew of retailers — including Pacific Sunwear, American Apparel and Aeropostale — to file for bankruptcy in recent months.
Scoop NYC, which opened its first store in SoHo in 1996 but now has 17 locations nationwide, is known for its signature store design, “The Ultimate Closet.” Its fairly large locations in upscale neighborhoods have led some to speculate that the company has succumbed to similar real estate pressures as its counterparts in retail.
While more store closures have yet to be confirmed, employees at the stores contacted by FN today said that they, too, are awaiting more details.
“I went to [work at] the Soho store, and it was closed, so they sent me to this [Meatpacking District men’s] location,” one employee said. “No one has told us anything. I’d love to know what’s going on.”