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Last remaining Nine West stores could soon close - New York Post

Nine West is getting ready to lace up its walking boots.

The once-ubiquitous mall retailer that became a destination for stilettos, clogs and handbags has been shrinking a few sizes lately — and its stores may soon get boxed up for good, The Post has learned.

The 40-year-old brand founded by the late designer Vince Camuto is facing retail extinction as the remaining 25 stores across the country — down from about 227 a decade ago — appear to be on limited time.

That’s because Nine West Holdings, owned by private equity firm Sycamore Partners, is mulling an auction proceeding that could spur a liquidation of the chain, according to sources familiar with the situation.

“The equity is gone and the lenders are fed up,” said a source familiar with the situation. “They want to figure out how to get their money back.”

A Sycamore spokesman declined to comment.

Licensing firms have been approached to determine their interest in the company’s...

Source: nypost.com