Streetwear tradeshow Stitch has been cancelled for spring 14.
The hoped-for 11th hour deal to save the January edition of the show, as reported by Drapers last week, has fallen through.
Founder Brian Duffy said given the tight time frame “stepping back” this season was the best option, but he was still hopeful of creating a show for autumn.
The market was “very low” for trade shows given the economy, and there are a “lot fewer” retailers around to attend exhibitions, Duffy added.
“At this stage we have decided not to go ahead with the show in spring. We can’t rush it. It was a case of the market reshaping, the venue not working and trying to align with partners and time caught us out, but I’m continuing to work on a show for autumn,” he said.
For the autumn show Duffy is exploring the idea of teaming up with other tradeshows to put on a collaborative event. He said: “We would be interested in a partnership with the likes of Pure - it could be a positive for us and it’s something we’ll look at.”
In July Stitch moved to a new location in London’s Old Sorting Office on Tottenham Court Road following the backing of Duffy’s new business partner Howard Eggleston.