USA: Donna Karan Announces Plans For Second NY City Store
Donna Karan International Inc (NYSE: DK) today announced plans to open a new full-price freestanding DKNY store in New York City. The new store, to be located in SoHo, would be the company's second in New York City. The approximately 8,000 square foot space is planned for a Spring 2001 opening.Donna Karan, chairman and chief designer, said: "DKNY has always been about the spirit and energy of New York. After seeing DKNY come to life on Madison Avenue I am excited to be taking a piece of that energy downtown with the opening of the SoHo store."John Idol, chief executive officer, said: "We are pleased to have a downtown New York DKNY store to complement our Madison Avenue flagship. We are particularly pleased with the performance of our flagship stores, and believe that our successful Madison Avenue format will translate effectively to the exciting Soho retail environment."The new store will carry everything DKNY, including women's and men's clothing and accessories, as well as licensed products. The store will offer a complete selection of lifestyle products, some of which will be designed exclusively for DKNY stores, to heighten the destination appeal.Donna Karan International Inc is one of the leading international fashion design houses. The company designs, contracts for the manufacture of, markets, retails, and distributes collections of men's and women's clothing, sportswear, accessories and shoes under the Donna Karan New York, DKNY, DKNY Jeans, and DKNY Active brand names. The company also selectively has granted licenses for the manufacture and distribution of certain other products under its brand names, including beauty and beauty-related products, jeanswear, activewear, hosiery, intimate apparel, eyewear and children's apparel.
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