Todd Ford plans to have a total of 104 stores, including 46 freestanding locations and 58 shops-in-shop, by the end of the year. First up, new stores will open in Dubai and Jeddah in March, Houston in September, and Miami and Atlanta later in the year.
The company also announced the closure of some stores in China, reported Women's Wear Daily.
"We are currently re-negotiating the contracts. A few of the stores were not as great as they should be. When we first entered Asia, we didn't have the power that we do now," Tom Ford told Women's Wear Daily.
One expansion is inside the department store chain Harrods. In February, the designer's space will move to the ground floor and the brand will get an additional 500 sq. ft.
Back in March, Tom Ford joined the growing ranks of department and specialty apparel stores offering same-day delivery in New York City. At the time, the brand also spoke of expanding its omnichannel role into offering buy online and pick-up in-store in the near future. Click-and-collect services have recently gained popularity at Macy's (NYSE:M) and Bloomingdale's stores. The service was first piloted back in March, along with same-day delivery. And just prior to the holidays, the company announced an expansion of its same-day delivery and in-store pickup options to more locations around the country.
E-commerce giant Amazon (NASDAQ:AMZN) also announced one-hour delivery to its Prime members in southern Manhattan last month.
And this trend will only grow. Looking at predictions for 2015, product delivery will stand at the top of most retailers' priority lists. As more and more retailers begin to offer one-hour delivery, order online/pick-up in-store, and ship to store delivery options, brands will have to adapt by improving inventory information and changing the role of the traditional, physical store.
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