Onward Kashiyama, owner of the J. Press brand, has informed Ivy-Style.com that it has been unable to find a new Manhattan location for the store currently located at Madison Avenue and 47th Street, and will be closing New York retail operations on January 18.
J. Press will be forced to lay off the sales staff, which includes several veterans, the source told us. Ecommerce will continue from out of the company’s Long Island City warehouse, and Onward Kashiyama will maintain its corporate offices in the Fashion District.
Although it has not lost its current lease, J. Press has been forced to vacate the premises as the building’s owner is planning major renovations.
Although J. Press would reopen sooner if it finds a suitable location, it could be as late as spring 2015 until the company reestablishes a retail presence in Manhattan. “The corporate office has not decided the new location yet,” the source said, “so we will be closed a while. They said we will maybe reopen in spring 2015.”
Founded in New Haven in 1902, the company has operated continuously in New York since 1912.
“I am very saddened at the news and regret the situation,” said Richard Press, former president of J. Press and grandson of the company’s founder. — CHRISTIAN CHENSVOLD
Photo via MuffyAldrich.com