Comings and Goings
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Poor profits doom Club Libby Lu

November 5th, 2008 at 02:13pm Sean Driscoll

Saks Inc. announced plans today to discontinue its line of Club Libby Lu stores, one of which is located in the CherryVale Mall. All stores are expected to be closed by May 2.

Club Libby Lu caters to “tween” girls aged four to 12. The company acquired Club Libby Lu in 2003 and operates 78 stand-alone stores in malls nationwide and 20 Club Libby Lu store-in-stores within former Saks Department Store Group stores. The employees will be offered severance packages, according the company’s statement. 

“Club Libby Lu is an innovative concept that was a better strategic fit with our traditional department store business,” said Steve Sadove, chairman and chief executive officer of Saks Inc. “Discontinuing the operations of Club Libby Lu is the appropriate decision so that we can focus 100 percent of our time and resources on executing the strategies of our core Saks Fifth Avenue business.”

Entry Filed under: closings

2 Comments Add your own

  • 1. echo4charlie  |  November 25th, 2008 at 12:55 pm

    I understand their strategy, but, they really didn’t market well. You never heard radio or saw television ads. They didn’t secure any in-demand anchor products.

    Plus, the Disney/Wal-Mart Hannah Montana/High School Musical beast threw Libby Liu under the bus. Even if they (Libby Liu) marked the stuff to 50% off, it was still cheaper at Wal-Mart. And, the same stuff, too.

  • 2. Michelle  |  December 8th, 2008 at 3:59 pm

    oh wow, that’s too bad, I was hoping to have my littles ones birthday party there! Thanks so much for the heads up on this one!

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