Iconic Store Is Saying Goodbye

Shop on Fifth Avenue? Neither do we, but still: The iconic Henri Bendel department store will soon be gone along with its e-commerce business and 22 other brick-and-mortar locations, People reports. Parent company L Brands is making the move amid increasing retail competition and plummeting company stocks, which fell 55% this year, per CNN Money. A pioneer in US fashion and luxury retail, Bendel has been in business for 123 years and held the country's first fashion show, its website says. The store plans to close in January. (More department stores stories.)