Forever 21 to occupy part of Bloomingdale’s old space at MOA
Nike hypervenom high top cleats forever 21 will open a gigantic new store at the Mall of America on Dec. 15 in space once partially occupied by Bloomingdale’s. And H the Swedish fashion retailer, opens its newest area store in Uptown’s Calhoun Square on Dec. 14.
The two retailers are often lumped together under the “fast fashion” moniker where styles quickly move from the runway to the affordable racks at the mall. Tough economic times spurred the growth of retailers like Forever 21 and H as budgetminded fashionistas shopped for items that wouldn’t crash their debit cards.
Both retailers have taken on interesting real estate plays with their newest stores in the Twin Cities. Forever 21, a privately held Los Angelesbased chain, will relocate from its current digs at the megamall to a new 80,000squarefoot, twolevel space that takes up a sublevel and part of the firstfloor on the mall’s southeastern flank.
When Bloomingdale’s shuttered its 210,000squarefoot anchor store at the Mall of America earlier this year, mall officials said they would spend $30 million to $50 million to overhaul the space into a series of minianchor stores. Forever 21 is the first of them to open. Mall spokesman Dan Jasper said two nike hypervenom high top cleats other retailers have committed to space there, but he declined to name them.
The retailer will close its current store at the mall after the move, Jasper said.
Forever 21 also has stores in Rosedale and Maplewood Mall.
Bloomingdale’s had operated at the megamall since it opened in 1992 but closed when parent company Macy’s announced plans to eliminate underperforming stores nationwide.
Across town, H will move into a twolevel space at Calhoun Square, Uptown’s nike hypervenom high top cleats signature retail complex. The retailer, which reported $17 billion in annual revenue, has other local stores in the Mall of America, Southdale, Woodbury Lakes and Maplewood Mall. president for H said in a nike hypervenom high top cleats statement. “We are thrilled to expand to Calhoun Square and offer fashion and quality at the best price for the entire family, just in time for the holidays,
But some trend watchers say the fastfashion trend may be fading, as millennials opt to spend more on basic pieces for their wardrobe. “There’s a whole vast sector of the public that really has been burned out by fast fashion and the novelty and is just very exhausted, said David Wolfe, creative director of the Doneger Group, a New Yorkbased trend forecaster. “There’s a great opportunity now for quality basics that are very, very wellpriced,
While Americans bought 19.4 billion garments last year, a 5.3 percent decrease from 2010, the value of sales rose almost 5 percent to $283.7 billion, showing consumers accepted cr7 latest shoes higher prices, according to the American Apparel Footwear Association, a trade group. On average, that would mean each person spent about $910 on 62 garments.
However, it doesn’t appear as through fastfashion backlash has hurt the industry’s heavyweights. H cr7 latest shoes said in September that comparablestore sales rose 2 percent in the nine months through Aug. 31 nike hypervenom high top cleats cr7 latest shoes.