Sean John is to close its only standalone store at the end of the year, amid a reported row with its landlord over falling sales.
The premium lifestyle brand and retailer, owned by Sean Combs, the singer previously known as P Diddy, will shutter its 3,500 sq ft flagship at 475 Fifth Avenue, New York, on December 30. The store opened in 2004 and was originally leased until 2016.
Sean John has been in a legal row with the store’s landlord since December 2009 over scaffolding outside the building, which the brand and retailer claimed has led to a “steady decline in revenues that continues to the present day”.
The brand said in its lawsuit against the landlord that sales at the flagship store have approximately halved since the scaffolding went up.
According to WWD a Sean John spokesman said it was closing the store because of inadequate selling space. It is understood to be looking for new locations in New York and Los Angeles.
Sean John, which encompasses casualwear, tailoring, footwear, accessories and fragrance, turns over $525 million (£335 million) a year and is stocked in over 800 stores across the US.
As revealed by Drapers in an exclusive interview with Combs in September, Sean John is due to launch in key European markets including the UK next year.