A majority of shuttered mall stores over the past few years have been clothing shops, but new Bay Area leases show a sector not in free fall quite yet.
Hip women’s clothier ModCloth, streetwear brand Supreme, athleisure label outdoor Voice and luxury basics purveyor Everlane are among a new class of specialized labels defying recent trends.
Shifting consumer demands, years of oversupply and the rise of ecommerce combined to trigger more than 7,050 tore closings last year, according to Coresight Research. Already, the New York-based retail analyst has tracked nearly 3,900 store closings compared to about 1,800 openings this year.
Yet, while most clothing brands are racing to weed out underperforming stores, others are ramping up.