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Calvin Klein to Shutter Flagship, Trim Staff, With ‘Go-Forward’ Plan

Calvin Klein Inc. will close its Manhattan flagship in the wake of Raf Simons’ departure as chief creative officer and amid a changing fashion and retail landscape.
Steve Shiffman, chief executive officer of Calvin Klein Inc., a wholly owned subsidiary of PVH Corp., revealed the closure among several strategic changes to the brand and organization. It was learned that approximately 100 employees were let go at the company across the entire business, including the flagship.
As reported, Klein and Simons amicably decided to part ways in December after Klein decided on a new brand direction which differed from Simons’ creative vision. Simons’ three year contract was set to expire next August.
According to Shiffman, the brand has outlined three key initiatives to jump start the business, including relaunching Calvin Klein 205W39NYC under a new name, design approach and creative direction. The new name is still under wraps, and the company declined to provide details on the new creative direction and who would be designing the collection. The new business will focus on connecting directly to all the other Calvin Klein brands and amplifying each category with its product mix and aspirational experiences. The company plans to close its historic flagship store at 654

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Via:: https://wwd.com/fashion-news/designer-luxury/calvin-klein-to-shutter-flagship-trim-staff-with-go-forward-plan-1202954226/