Two years after the closure of Colette in Paris, a similar destination store for shoes in Antwerp, Coccodrillo, is closing its doors after 36 years in operation. Quoting one of its founders, Geert Bruloot, Footwear News gives this interesting explanation for the decision: “Fashion has been in a state of flux due to overproduction and radically different luxury consumption patterns during recent years. Fueled by a year-round discount and sales culture, consumers have shifted their attention to new priorities like art and leisure, which ultimately impacted the viability of our multibrand boutique.”

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