The Real Deal Miami

Palm Beach hit by annual “retail roulette”

A number of shops closing, but new tenants await
June 23, 2014 03:45PM

The former Gasiunasen Gallery space at Hibiscus and Peruvian avenues

With summer in full swing, Palm Beach is seeing a re-shuffling of its retail market, with several major openings and closings on the way.

“We call it retail roulette and it’s an annual thing, with everybody discussing the comings and goings,” Sherry Frankel, a past president of the Worth Avenue Association, told the Palm Beach Daily News.

“The makeup of Worth Avenue and other retail areas changes slightly from year to year, but that’s healthy,” added Robin Miller, general manager of the association. “The major staples remain, while some retailers choose to move on, but fortunately vacancies on the Avenue are rapidly filled with new businesses.”

Thus far, this season’s closings include Juicy Couture at 225A Worth Aveue; Erwin Pearl at 237 Worth Avenue; Bonnie Roseman’s BLT in Via de Mario; GiGi’s Tap & Table and 120% Lino on the second level of 150 Worth; and Gasiunasen Gallery at 415 Hibiscus Avenue, according to the Palm Beach Daily News.

But new tenants are swooping in. For instance, the Juicy Couture space will soon house a Kate Spade, and the former Gasiunasen space will become a John Barrett salon, with an expected opening date in November.

“We are pleased to see this established, flourishing business open a location in our shopping district,” Gregg Beletsky, Worth Avenue Association president, said of the new salon. “We see the John Barrett Salon as a great addition and complement to the existing mix of businesses with like-minded clientele.” [PBDN] Christopher Cameron