High-end department store Henri Bendel is undergoing some major restructuring starting with clothing. Henri Bendel will no longer carry clothes and will focus it’s business on Beauty and Accessories. According to The New York Times;
“Several employees briefed on the plans said on Thursday that they were told that Bendel had decided to eliminate the fashion departments because there was no sign of a turnaround in the sale of high-ticket items, but that beauty and gift products were selling well and typically with much higher margins. About 8 percent of the employees will be laid off, including sales clerks and executives in its buying office, these people said. About 250 people work at Bendel.”
Continuing with the restructuring Henri Bendel will launch of group of mall-like chain stores that will feature Bendel beauty branded and gift items. The six accessories only doors are set to open later this year.
