SAY HELLO: Juicy Couture, Tory Burch, Nordstrom SAY GOODBYE: Harold’s, ‘O at Home,’ Club Libby Lu, Men’s Vogue

Well if it isn’t the economy, then it’s the economy!

Yawn. (Please have the houseman send two Excedrin. STAT.)

Before we do all the dreary-dreary, let’s start with some fun news, like Tory Burch opening her Palm Beach store today!

Conveniently located right on Worth Avenue, this is the designer’s 16th store; next month her 17th opens in New York’s meatpacking district.  This reminds us, has everyone seen the new Reva in suede?

Another designer landing nearby on Worth? Michael Kors, with a new boutique he has planned for a long time, according to a story in the Palm Beach Daily News:

“In America, the warm-weather place to be is Palm Beach,” he said. “Palm Beach has always been on my radar.”

Also, Nordstrom *finally* opened their new store in Naples last Friday. At last!  And the Juicy Couture flagship on Fifth is now open, following Thursday night’s big do. Below, co-founders Pamela Skaist-Levy and Gela Nash-Taylor.

Andrew H. Walker/Getty Images for Juicy Couture

From the halls of popular prep school drama Gossip Girl star Blake Lively was on hand for the Juicy festivities.

Andrew H. Walker/Getty Images for Juicy Couture

Co-star and real life significant other(?) Penn Badgley was on hand along with Jessica Szohr…

Andrew H. Walker/Getty Images for Juicy Couture

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Many readers are probably familiar with most of these dreary headlines, but just in case anyone missed them along the way…we start with Saks announcing last week that it is closing the Club Libby Lu stores; that is almost 100 shops in total.

The company expects to have all closed by the end of their first-quarter in 2009.

Then we had surprising news today about perennial Wall Street favorite J. Crew, according to an AP story via CNBC:

“Shares of J. Crew Group Inc. fell to an all-time low Monday after an analyst said she expects weaker results from the apparel and accessories retailer…”

And now we are ever-so-glad the Queen Mother wasn’t planning to purchase the new flat-screen at Circuit City, with their bankruptcy announcement today.

But here is the loss that really hurts, hitting too close to home for our sensitivities. Harold’s.

Courtesy Harold's

During our years doing tv in Oklahoma City we frequently found ourselves at the Harold’s at Penn Place if shopping in town. Our favorite out-of-town Harold’s haunts were at River Oaks, The Galleria in Dallas and on Lover’s Lane; we would also pop into the store at Tyson’s when visiting that part of the galaxy.  Even TSU (The Spousal Unit) went nuclear upon hearing the news.

The liquidation sales started last Friday; the company expects it will take approximately four months to finish selling the merchandise.  Sniff.  Tissue please.

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The word came last week that “O at Home,” the quarterly spun off from “O: The Oprah Magazine,‘ will cease publishing with the Winter issue.  Any future issues will be part of O.

The Princess Consort was concerned when he learned that Men’s Vogue will essentially cease publishing, although technically it is being ‘absorbed’ by Vogue, and hopes to publish twice a year.  (Okay… truth be told, the Consort won’t miss this one iota, it is I who enjoyed flipping through the pages.)

And here is one that rapidly became one of our more enjoyable business reads, Conde Nast’s Portfolio. It is dropping from twelve to ten issues a year.

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We are in peril of becoming completely distraught, so rather than going off the deep end we shall mention the Great Preppy Giveaway here at  Preppy Princess Intergalactic Headquarters, where it is *always* pink and green.

You can win an outstanding Bungalow Scout Tote, simply by leaving a comment mentioning something about America you are thankful for… that’s it!  Just fill in the blank: “I am thankful __________” and leave a comment and you are entered!  Plus, if you mention the Giveaway on your blog and you win, you receive a fabulous set of oh-so-preppy Madras Photocards as a second gift that we’ll send to anyone of your choosing! And we pay the postage on all of this!

It is our way of saying ‘Thank You’ to all of our faithful customers and blogging friends! This contest closes at midnight Wednesday night, and the next one begins early Thursday, so have some fun…you just might be the lucky winner! For more information, click here to read detailed specifics and background!

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For today’s Pretty in Pink item we honor Club Libby Lu (not that TP has ever set foot in one, but we have heard about them…does that almost count?!) with the Pop Sugar Polka Dot Cupcake PJ Set in pink.

Club Libby Lu

Until later… grins and giggles.

A New Take on Preppy, Luxury Retailers, Preppy Giveaway

Hello-hello!

We thought we would start this evening with a look at a brand heretofore unknown to The Princess: Kiel James Patrick.

Courtesy: Kiel James Patrick

As described by the designer:

“Kiel James Patrick irregularly stitched bracelets, are individually created solely by the designer from the finest vintage materials. Fabrics are meticulously hand-selected to uphold classic New England motifs.”

Their are a number of brightly-colored collections. The site also offers scarves:

Courtesy Kiel James Patrick

The scarves are original designs by Mr. Patrick, 100% Virgin wool, and bound using silk and cotton.

Next, some readers may remember our story about Tiffany opening its FiDi store a little more than a year ago.

PHOTO: Robert Caplin/Bloomberg News

Situated in the heart of the Financial District (the store is actually on Wall Street), the opening was awash in fanfare and frivolity. The Princess was quite enamored of the Tiffany blue gowns, despite the wrinkles, really unforgiveable under the circumstances.)

Courtesy The Shophound

Initially things went swimmingly.  But in a recent story on the Portfolio website, some say this location isn’t exactly the best place to be right now for high-end retailers. A snippet from the story:

“Sales are already softening at downtown boutiques just as the all-important holiday shopping season gets underway, and the outlook is grim.”

Tiffany’s neighbors Thomas Pink and Hermès and luxury luggage-maker Tumi are said to be suffering, along with Canali, who just opened last spring over on Broad Street. (They do incredible menswear, especially tailored apparel, although the styles are generally a tad too ‘hip’ for the Princess Consort.)

Courtesy Canali

Business publisher Crain’s had a story a few weeks back looking at how ‘luxury retailers’ will weather the tough economy:

“Midtown stores such as Saks and Barneys, both of which are located not far from Lehman Brothers’ 49th Street and Seventh Avenue former headquarters, will be hurt by the market turmoil and massive layoffs. Saks’ flagship Fifth Avenue store accounts for about 20% of the company’s total revenues.”

“Some mid-to upper-end stores, like Coach, which has 10 stores in Manhattan, may stay afloat due to the trading down effect. Shoppers could be more apt to purchase a Coach handbag, retailing for between $200 and $500, than a Prada bowler bag at Barneys which sells for more than $1,900.”

We leave with another reminder to leave on comment about something you are thankful for about the United States…a comment on something you are grateful for related to the USA; leave the comment on this post, or any other post published since last Wednesday, and you will be entered in the Great Preppy Giveaway!  You could win this great Bungalow Scout tote from Preppy Princess!

Bungalow Scout Tote

And if you mention this giveaway on your blog and you are the winner, you also automatically win this set of preppy Madras cards to be sent to anyone of your choosing! (And TP pays the shipping on all of this!)

Holly House Cards at Preppy Princess.com

For full ‘rules’ and how it works, click here!

Grins & Giggles until next time!