Well, if we don’t seem to be encountering another preppy money moment here. We just read that Banana Republic’s new upscale line, Monogram, is closing its doors on Bleecker Street. According to the folks at Racked, American Apparel is moving into the space. Below, the Monogram store.
The line received a fair amount of splash when introduced; regulars may recall The Princess wrote about it upon its launch back in April. The line was described as being more sophisticated, more tailored, and more expensive; 30-40% more expensive in some cases.
This may not be as cataclysmic as it appears however, as we do remember reading back in April the standalone store was only scheduled to be open for 9 months, which would sync up with the timetable mentioned in the Racked story.
We would be more than surprised if the line performed at anywhere near hoped-for levels. Many loyal Banana Republic customers felt the collection was overpriced, with the merchandise providing little or no justification for the higher cost. Nor was there enough distinction between the Monogram pieces and original Banana Republic fare to attract a new following.
Below, a BR Monogram knot halter gown that is definitely not for the faint of heart, at least not in the Chroma Pink colorway.
As our Tuesday post focused in large part on the J. Crew struggles, and now today we are talking about Banana Republic, it seems ideal that Austin’s American Statesman recently did an interesting story advising readers how they can achieve ‘a James Bond look’ at J. Crew and/or Banana Republic prices. In the story writer Marques G. Harper suggests:
“If Savile Row isn’t in your budget, other spots worth a look for Bond-style wares are Banana Republic and J. Crew.”
“….the BR Monogram specialty line has classic items such as cardigans, patterned pants, dress shirts, trench coats and a tuxedo (it goes for $650 compared with a Tom Ford tux, which sells for $4,650). In other words, get your Bond look for less.”
A photo accompanies the story, featuring a Tom Ford tuxedo and other items at Needless Markup Neiman Marcus.
In our continuing effort to provide information that is moderately entertaining, yet also fiscally friendly, here are a few more tidbits on Black Friday sales and discounts, as originally mentioned in the WSJ blog:
- Salvatore Ferragamo boutiques will begin holiday sales Dec. 4, marking down men’s and women’s clothing and accessories by 35% to 50%.
- Tommy Hilfiger company stores will offer 40% off the entire store on Black Friday, plus they’ll take an additional 25% off purchases of $200 or more between the hours of midnight and 10 a.m.
One cautionary note: as TP was initially reading this she neglected to notice it only applies to Tommy Hilfiger factory stores, or outlet stores, whichever term you prefer.
The new Gap advertising campaign features a personality from one of TP’s favorite shows, Mad Men. Actor Jon Hamm plays the show’s always-natty lead character Don Draper; he is joined in the commercial by his real-life significant other, actress Jennifer Westfeldt.
One more quick shopping tip, in this case directed at anyone who uses Clinique cosmetics: there is a Trina Turk-designed ‘gift with purchase‘ underway now at Nordstrom. The goodies shown below accompany any $25 Clinique purchase at Nordstrom, actually a fairly good arrangement IOHO, as the lines at the beauty counters can really be tedious when it is GWP time. TP loves collecting these throughout the year (only as appropriate, when we genuinely require something from the line doing the giveaway, honestly!) and then donating them to a local shelter at the holidays.
Whether visiting the store in person, or in a virtual sense, don’t forget this is going on:
Don’t forget to enter the Great Giveaway, with $100+ in outstanding preppy gifts from Boatman Geller, the Preppy Princess, with the Summer at Tiffany book as a bonus gift! Just leave a comment telling us one friend you are grateful for and you are entered!
We hope everyone enjoys the rest of the weeknd!