As reported by: retail-insider.com
French contemporary brand The Kooples will reportedly open three free-standing Canadian locations this year. The Kooples already does exceptional sales at Holt Renfrew and Hudson’s Bay, prompting a brick-and-mortar expansion.
Founded in Paris in 2008, The Kooples features trendy designed men’s and women’s ready-to-wear, as well as outerwear, accessories, leathergoods and footwear. The company anticipates explosive growth, from an anticipated 220 million Euros in 2015 to an estimated 550 million Euros for the fiscal 2019/2020 year. The Kooples entered the U.S. market two years ago via Bloomingdale’s and currently operates five free-standing U.S. locations – two in New York City and three in California.
According to Women’s Wear Daily, the three Canadian Kooples locations will open “in late 2015 or early 2016. According to Style.com, Toronto and Vancouver are the brand’s first priority.
The Kooples CEO and cofounder Nicolas Dreyfus also told Style.com: “We want to open 20 flagship stores within the next five years in the U.S. We should open in Hawaii, Miami, Dallas, Chicago, and probably one more in California.”
The Kooples wholesales at Hudson’s Bay in Vancouver and Toronto, and operates separate men’s and women’s concession shop-in-stores at Holt Renfrew locations in Toronto (Bloor Street, Yorkdale), Vancouver, and Calgary. It also operates a boutique at Montreal’s Ogilvy, owned by Holt Renfrew’s parent company Selfridges Group.
