After 33 years on the Country Club Plaza, locally owned contemporary apparel store N Valentino is closing.
The owners said more consumers are shopping online, making it difficult for the mom-and-pops to compete with national chains.
“The economy and the face of retail continue to change and necessitate our closing,” said Ilene Jerwick, co-owner of the store with her husband, Jeff. “We’ve been talking about it a long time, about four years.”
The store is starting a liquidation sale Friday, with items up to 75 percent off. It expects to clear out inventory by mid-August.
“This is the end of the line, so let’s go out with a bang,” the Jerwicks said in an email notice to customers about the closing.
N Valentino opened in October 1980 in a different Plaza location and then moved to a larger space at 200 W. 47th St. in 2006.
The Jerwicks said they had forged strong relationships with many customers, helping them select outfits for their first dates, their first jobs, weddings and beyond.
In May, Highwoods Realty Limited Partnership filed suit against N. Valentino LLLP and the Jerwicks for back rent and possession of the store.
Highwoods said it is owed unpaid rent and late fees of $124,482, as well as attorney fees associated with the lawsuit. That suit is still pending.
The Jerwicks declined to comment on the lawsuit.
In a statement, Plaza owner Highwoods Properties said it does not comment on tenants’ legal matters.
Two other longtime Plaza retailers are also winding down.
Halls Plaza is set to close Aug. 3 to consolidate with its Crown Center retail store. Clothing store Jack Henry, which owns its building, is having a going out of business sale.
Locally owned Spin Neapolitan Pizza plans to open three corporate-owned restaurants in the Dallas area as “part of a careful, measured expansion plan.”
“We get a lot of inquiries from Texas, and Dallas is known as a place where people love to try new things, new restaurants, so there is interesting innovation there,” said Gail Lozoff, a founder and partner in Spin.
Spin’s new Texas locations — the first corporate-owned locations outside the metro — are scheduled to open starting in late 2014 through May 2015.