Tuesday, December 09, 2008

Bye bye Sergio Rossi....

It seems the giant footwear mogul Sergio Rossi done got had up by the credit crunch....All US stores to be closed down by 2009, Damn!

"Strategically the company has decided to focus on its wholesale, which has proven to be the correct channel for the brand development and further expansion in the U.S," the spokesperson said. "As a consequence, its current New York, Los Angeles, and Hawaii retail stores will be closed at the end of 2008 and into the first quarter of 2009." However, the shoes will still be available at department stores. "We took the decision some months ago as part of our strategy. We have implemented it over this period, and it is becoming effective during the first quarter of 2009." When we asked if this is how the company is dealing with the economy — as opposed to calling it a predetermined business plan — the answer was "no comment." Even so, the national closing of Sergio Rossi stand-alones speaks for itself.

* Sharon Clott


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