L Brands To Close All Henri Bendel Stores

Source: L Brands, Friday, Sep 14, 2018

L Brands announce that it would be closing down the remaining 23 Henri Bendel stores and the Henri Bendel e-commerce website by January 2019. The stores include the company’s Fifth Avenue store as well as smaller-format stores in 11 states. All stores and the website will remain in operation through January 2019 with new merchandise continuing to arrive through the holiday season.

The retailer estimates that Henri Bendel 2018 revenues and operating loss, excluding closing costs, will be approximately USD 85 million and USD 45 million , respectively.  They are in the process of estimating the costs associated with closing the business.