Kiko has filed for bankruptcy and plans on closing all but five of their US stores. I imagine this includes the store in the Palisades Mall I originally wrote about back in 2015 but I haven’t been to the Palisades in a while so I can’t confirm. It’s with a heavy heart that I write about this news today as I’m truly a huge fan of Kiko’s products especially their seasonal, limited edition releases.
Moving forward they’ll likely retain their online business and at least five of their domestic stores will remain open. It comes as no great surprise they plan to close store locations though since mall traffic is at an all time low due to online sales especially around the Holidays when most shopping is done. Video killed the radio star as they say. Currently they have 29 US stores and plan to close 24 as of February 28th.
Apparently their online sales are steady and even increasing in 2017 and they also sell through amazon.com now which means you can take advantage of Prime Free Shipping.
So, it is quite sad news they are closing store locations but don’t worry it looks like the online sales force is strong.
I know I don’t want to see Kiko disappear anytime soon as their collection are very appealing to those who like higher-end makeup at a budget price and that’s exactly what they deliver to us.
Thanks to Brian for sharing this news yesterday via a comment. Right now not a lot of news outlets have covered the story so without him mentioning I might have never known.
What do you think of Kiko closing stores?
Do you shop at their stores often?
I’m guilty of doing 99% of my own Kiko shopping online!