Mark Shale to close all locations
Well, it's a good thing we didn't nominate Mark Shale in the Best Mainstay category in the TOC Shopping Awards (voting ends today!). The retailer just announced, that after more than 80 years in business, it'll soon be closing up shop for good. This is the result of the store filing for Chapter 11 bankruptcy protection late last month. Mark Shale has three Chicago-area locations: one in the 900 Shops on Michigan Avenue as well as outposts in Northbrook and Oak Brook. Bankruptcy aside, the news comes off as a little shocking. It seemed to me that the store was really making an effort to rebrand itself into more of a trendy shopping destination. Just recently, the store teamed up with local artists for art installations that involved shopping/art parties at the Mag Mile location. According to a statement from Rich Meyers, president of Mark Shale, the company needed to find a strategic partner to help save the business, and unfortunately, that search was unsuccessful.
As with most announcements of a store closing, you'll also find an announcement of a going-out-of-business sale, and this one is no different. The sale starts tomorrow: Look for all merch (including selections from Hugo Boss, Hart Schaffner Marx, Hickey Freeman and more) to be marked as much as 50 percent off. It sounds like the men's and women's shop just received shipments of new fall clothes, so this could be a good time to get deep discounts on in-season designer goods. Store fixtures (apparel racks, shelving, lighting and more) are also available for sale.