Macro-level trend alert: an entire mall announced its closing this week. The Summit, a mall in Buffalo owned by Oberlin Plaza One, is closing in a month after the parent company filed for bankruptcy. The Summit has roughly 25 tenants, excluding its flagship department stores Bon-Ton and Sears, which own their own spaces, as does a Sav A Lot outlet on the site.
regional stores: May 2009 Archives
Ohio retailer International Diamond and Gold is reportedly closing all its stores. The jeweler, which has eight locations around Central Ohio and Seattle, was taken over by creditors last week.
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In a significant shift to a small but influential retailer, upscale women's store Henri Bendel will stop selling clothes this summer. Stores will focus on accessories and beauty products, which are the more profitable areas of the business.
Henri Bendel, which is owned by Limited Brands, is also giving up one floor of its handsome store on Fifth Avenue in Manhattan.
