Another Discounter Bites the Dust

The last few years have not been kind to discount chains. First Filene’s Basement, then Syms, Daffy’s and now, Loehmann’s. According to reports, this is now the third time Loehmann’s has filed for bankruptcy, but it appears this was the final nail in the coffin, and there will be no restructuring this time — just a sell-off to liquidators. It really is a shame — companies like these really were great shopping destinations (and everyone here knows about our love for Daffy’s), but competition and poor business decisions have put them all out of business. Leaving bigger name companies aside, i.e., Off 5th, Last Call, etc… it’s interesting to note that the folks at Century 21 have clearly done something right because they continue to expand in the NY/NJ area.

Full story here.

Daffy’s — Back from the Dead?!?

Well, as news hit Philadelphia just a few weeks ago that Nordstrom Rack will be moving into the 8-floor space previously occupied by Daffy’s, today, former subscribers to Daffy’s email distribution list got a surprising email found at this link — bit.ly/1dvo9ny. Basically, daffys.com is being turned into, for lack of a better description, an online pop-up shop. The email reads in part —

“We’re going to start gradually, offering limited goods for fashion and home sourced here and abroad. When we make a fabulous buy, you’ll be in on it. We are not going to inundate you with emails. We’ll “pop up” when there is something special to share.

Later, as we expand our definitely different new way of business, Daffy’s knowledgeable buyers will be fanning out across the globe to widen your marketplace.”

So there you have it. For now, it appears the daffys.com website is now selling a small selection of home goods – curtains, sheets, pillows, towels, throws, etc…

Interestingly, it appears that new trademark applications were filed for DAFFY’S (link) and DAFFY’S. HIGH FASHION. LOW PRICES. (link) back in September. So this has been in the works for at least two months. Additionally, the website and the trademark applications both reference Daffy’s, Inc., and 1 Daffy’s Way — the original name and corporate location of Daffy’s — the warehouse location at 1 Daffy’s Way in Secaucus had been on the sale block for several months, so it’s unclear exactly what happened here, but we have a few guesses. Stay tuned to PEUR Postings for the latest developments.

Going to Pitti Uomo? Check Out Our Friends @ Fugàto

If you’re headed to Pitti Uomo in a few weeks (well, because who isn’t, come on), check out our friends from Fugàto. You wouldn’t believe the quality of items coming out of a tiny factory on the outskirts of Bari, Italy.  The folks there could not be more welcoming (check out our Facebook page for photos from our initial trip).