NYC 5th avenue department store Henri Bendel has announced that, as a result of the plummeting economy, they will no longer be selling clothes. This summer they will begin to focus solely on accessories and beauty products. In addition to laying off 8% of their employees, they will be giving up one of their 3 floors. Read the article from the New York Times here: http://www.nytimes.com/2009/05/01/business/01retail.html
p.s. I heard through the grapevine that loads of the clothing they're getting rid of is going to T.J. Maxx.
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