Calypso St. Barth Has Closed Its Tribeca Boutique

The Calypso St. Barth boutique at 137 W. Broadway—a mainstay of one of Tribeca’s prime shopping moments—has abruptly closed. “Seems sudden since inside looks like it’s still stocked and decorated,” reports G. I’ve reached out to see if there are plans to open elsewhere downtown; the nearest one is now uptown, on Madison. In 2013, the company announced a Brookfield Place store, and then changed its mind. UPDATE: See Jerry’s comment about the state of the company.

5 Comments

  1. Calypso may be getting ready to file chapter 11. They owe designers and suppliers thousands of dollars and have been served an eviction notice at their L I City corporate office for not paying rent.

  2. I’ve heard the same things about the sister store Beval Saddlery. Vendors have been complaining about owed money.

  3. From glassdoor.com, for what it is worth:

    Sep 19, 2017
    “Sad to see a good company crumble”
    Former Employee – Store Manager in Chicago, IL
    Doesn’t Recommend

    Negative Outlook
    I worked at Calypso St. Barth full-time (More than 3 years)

    Pros
    The company was thriving just 2 years ago. There was great team spirit and corporate had a great overall system going. Things took a turn for the worst and especially and unfortunately have hit rock bottom since 2017 started. Can’t imagine the company being around come 2018. As for now, there are so many wonderful managers and employees working for the company. I wish corporate would have realized that if they utilized the talent under their noses they could have been successful.

    Cons
    Poor decisions with no research are what ran the company to the ground. Sizing changed basically eliminating any woman over size 10. This KILLED our client business and every employee would have been able to communicate that had any one ever taken the time to ask. Silhouettes were the same year to year without big enough changes. Ladies didn’t want to shop the same shirt every winter for 4 years. Colors and style needed to be changed to keep things interesting. They also tried marketing and capturing a new/younger client base, without re-strategizing… things became just as confusing for the teams as it did for the clients. Lastly, I think corporate (and by corporate I mean Solaria) didn’t care enough about their people. We were numbers and names, not people that cared about the company/clients more than they cared about most things in their lives. Putting associates in sticky situations with outstanding vendors, closing stores with 3 days notice, and keeping associates out of the loop… isn’t fair or respectful. It’s just plain bad business.

    Advice to Management
    Unfortunately I think things are too far gone at this point… I can’t see saving the company at this point.

    Aug 29, 2017
    “Stores are closing, no HR dept. or corporate”
    Former Employee – Manager in New York, NY

    I worked at Calypso St. Barth full-time (More than a year)

    Pros

    Beautiful clothing and store atmosphere. Great concept for a company. Decent commission structure. Great clientele. Good experience hosting and running events.

    Cons

    Stores are closing, corporate employees are leaving and not being replaced, dated computer system, low pay for the amount of work expected, dramatic environment etc etc

  4. This is the same case with Beval Saddlery. Everything James mentioned is exactly how Solera Capital runs Beval Saddlery.
    The long standing customers of Beval have left because the lack of needed inventory.

  5. I think by this Friday or Monday they will file.

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