Len Druskin Closes, Making Way for Shop the Runway
Shop the Runway
Last week came the surprise, abrupt announcement that longtime Twin Cities clothing retailer Len Druskin sold its business, shuttering all of its stores. The buyer is Marcus Lemonis, the host of CNBC reality TV show The Profit, who has rebranded LEN's City Center store as Shop the Runway.
Shop the Runway appears to be an off-shoot of Lemonis's high-end retail brand Runway, which sells clothing, accessories, and shoes for men and women from brands such as Alice + Olivia, Love Stitch, Equipment, Elizabeth & James, Bailey44, and premium denim from Mother, Joe's Jeans, Hudson, and J Brand. Lemonis has a proven track record of investing in and saving struggling businesses, such as a San Francisco retailer named Blues Jean Bar, which Lemonis rebranded as Denim & Soul and brought back from the brink of bankrupcy in 2015.
In 2012, Len Druskin had as many as 10 outlets, including LD Len Druskin (women’s professional and dress apparel), LD Blues (casual clothes for women), LD Men, and LEN (lower-priced, trendy merchandise for men and women), but significantly scaled back operations since. A second store in City Center closed in 2013, and in 2014, the Len Druskin company closed three stores in Gaviidae Common. Last year, it moved its flagship store from Galleria to Southdale Center after 24 years, only to close the location months afterward.
While Shop the Runway awaits spring merchandise, Lemonis is bringing unsold merchandise from all the Len Druskin and LEN stores to the City Center location, with everything marked down 60 to 80 percent and all purchases final.
Shop the Runway @ City Center, 40 S. 7th St. #202, Minneapolis, 612-455-1663