Colette, the cult concept store on the swanky Rue Saint-Honoré, announced this morning that it would be closing its doors in December after two illustrious decades. Known for its quirky aesthetic and innovative collaborations, the Parisian landmark has long been a one-stop-shop for any savvy consumer in the market for an impressive souvenir, art book, gorgeous gadget, or mystery grab bag (who didn't want one of those?). Saint Laurent is reportedly in talks to take over the 8,000-square-foot space.
Why is Colette-the-store closing? "There is no Colette without Colette," and Colette-the-woman is ready to stop.— Vanessa Friedman (@VVFriedman) July 12, 2017
The news comes as a shock to many—especially the fashion community who killed many an hour or two at this expansive retail haven between shows. Founded in 1997 by Colette Roussaux, after whom the boutique is named, the trendy shop raked in a revenue of 28 million euros (or $31 million) last year alone, with e-commerce accounting for nearly 20 percent of that, per Business of Fashion. The closing of the space comes after a series of terrorist attacks hit Paris, affecting tourist spending, as well as a shift toward online shopping.
🔵I have learned that @colette is closing December 20th. @jasonschlossberg and I got engaged in @colette on December 24th 2012 in Colette's Water Bar. It is our favorite store, we love to eat, it is in Paris and we love to buy things - a perfect venue for our proposal. I was wearing an 'experimental outfit' that day and we sat next to a older woman who was dressed like Karl Lagerfeld. (obv) When Jason proposed I asked him if this was real - and she responded, "This is real and he seems genuine." We took these pics right after in the Colette photo booth. It was the back of our wedding announcement. As my dear grandfather always said, "nothing lasts forever." 🔵
Rossaux’s daughter, Sarah Andelman, has been the face of Colette since its inception. Her forward-thinking aesthetic and support of up-and-coming designers cemented the store as a new—and special—kind of retail model. (Colette was one of the first shops to stock Proenza Schouler, Rodarte, and Mary Katrantzou, for example.) An experiential curation of products and frequent, in-store events were particularly notable. Recently, it launched a series of month-long brand takeovers, beginning with Balenciaga from June 19 to August 5. French PR maven Lucien Pagès will be next, followed by Sacai, Thom Browne, Chanel, and, fittingly, Saint Laurent.
Bye bye Colette, since it's beginnings I've been shopping in Colette twice yearly. I was lucky to have a job that took me to Paris twice a year and lucky enough to have a job that required I research and shop Collette with every visit. The Rue St. Honoré will not be the same. Colette meant so much to me, Colette inspired me always to think out of the box and to remain true to my quirky and independent fashion choices. Colette inspired a different way to look at fashion, a way I always considered quite comfortable. Is it true that #allgoodthingscometoanend #colette #ruesthonore #fashion #homedecor #waterbar #designerwear #retail #avantgarde #newbeginnings @colette
In March, when the store celebrated its 20th anniversary, Andelman told WWD of Colette’s future: “Every year, people ask us how long we plan to go on. We are always searching for newness, discovering new designers and launching new talents, so there is no reason to give up. If suddenly there were nothing interesting left anywhere, we would reconsider, but fortunately something cool comes along every day.”
Colette was a model for what happens when a business chooses influence over revenue. It will be missed.— Stephan Ango (@kepano) July 12, 2017