The latest store facing the ax in Fresno is luxury brand Michael Kors.
The company, best known for its handbags, is closing between 100 and 125 stores chainwide. It’s not clear if the Fresno store at Fashion Fair mall is among them as the company has not released a list of closing stores.
And it may be awhile before we know: The company plans to close the stores over two years.
More changes are afoot at Fashion Fair and the Fresno retail scene in general, with some stores closing and new ones getting ready to open.
Other closures in the upscale arena in Fresno include Bebe, which closed all its stores in recent months, including the one at Fashion Fair. Coach and White House Black Market, closed their stores in Fig Garden Village in recent years.
Anthropologie will also leave Fashion Fair as it moves to Fig Garden Village sometime this year.
Lots of retailers are facing hard times as shoppers increasingly turn to the internet and demand discounts.
Michael Kors opened an eye-catching store in the outdoor portion of Fashion Fair in late 2013.
The company blames several factors for its closures.
Among them was the fact that customers didn’t seem to like what the stores were selling. Or, as CEO John D. Idol said, “our product and store experience did not sufficiently engage and excite consumers.”
Revenue from Michael Kors stores in the Americas decreased by 18 percent to $721 million during the last quarter.
Fashion Fair is getting some good news, too.
Ulta Beauty is taking over the former Urban Outfitters space and will open in August. A Fashion Fair representative has hinted in the past that more positive changes are headed for the outdoor portion of the mall.
Also, a T-Mobile store is scheduled to open in the outdoor portion of the mall this summer.