Blog: Mexx to minimise its UK ops
Leonie Barrie | 27 February 2008
In the latest sign of the growing pressure on the UK high street, Liz Claiborne’s Mexx fashion chain is shuttering its operations here from July. The Netherlands-based chain, which has outlets across Britain, has not only suffered as shoppers rein back spending, but has also struggled to gain a foothold against other fashionable European chains such as Zara and H&M.
Mexx employs 6,000 staff worldwide and was acquired by the US fashion group Liz Claiborne in 2001. It is one of the four direct brands – along with Juicy Couture, Kate Spade and Lucky Brand Jeans – that the company earmarked last year as its most powerful brands with strong growth potential.
But it has struggled to grow the line’s sales. Earlier this month, Liz Claiborne reported a 3% drop in fourth quarter same-store sales at Mexx, with comps down 2% for the year.
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