Perfect Moment to Open First Retail Store in New York City’s Famed SoHo Shopping District

Rhea-AI Summary

Perfect Moment (NYSE American: PMNT), a luxury skiwear and lifestyle brand, is set to open its first retail store in New York City's SoHo district. The seasonal store, located at 42 Crosby Street, will open in October 2024 and operate through April, featuring the brand's Fall/Winter 2024 collection of high-performance skiwear and accessories.

The store's design will reflect Perfect Moment's blend of style and heritage, with cool-toned metallic surfaces, translucent elements, and the brand's iconic bright red accents. Fitting rooms will showcase AI-generated alpine ski resort backdrops. This move into brick-and-mortar retail follows the brand's record growth in eCommerce and success with multi-brand high-end retailers.

The SoHo location will serve as a hub for brand engagement, hosting exclusive events and marketing campaigns to connect with the local audience and enhance the overall brand experience.

Positive

• Opening of first retail store in prime SoHo location, potentially expanding customer base
• Seasonal store concept allows for testing market demand before committing to permanent locations
• Record growth from eCommerce initiatives in the past year
• Success at multi-brand high-end retailers

Negative

• None.

• World’s first Perfect Moment retail store to provide luxury in-store customer experience.
• As a seasonal store, open from October to April, it will feature Perfect Moment’s upcoming Fall/Winter 2024 edition of high-performance, luxury skiwear and accessories.
• Further expands the company’s community of loyal customers for the global luxury lifestyle brand.
• Opening planned for October 2024.

LONDON--(BUSINESS WIRE)-- Perfect Moment Ltd. (NYSE American: PMNT), the high-performance, luxury skiwear and lifestyle brand that fuses technical excellence with fashion-led designs, will open its first retail store location in the famed SoHo shopping district of Manhattan in New York City.

Perfect Moment storefront (Photo: Business Wire)

Situated at the corner of one of SoHo’s picturesque cobblestone blocks at 42 Crosby Street, planning is underway for the store’s opening in October.

The opening will celebrate the brand’s AW24 womenswear collection that includes its best-selling styles, such as its signature Aurora Ski Pant and Polar Flare Jacket, along with a number of new iconic styles.

The store’s unique design will reflect the collection’s blend of forward-thinking style and timeless heritage. As a seasonal store, it will remain open throughout the upcoming winter ski and holiday shopping season from October through April.

After seeing record growth from its eCommerce initiatives over the past year, Perfect Moment’s move into bricks and mortar retail marks another major step for the global brand.

The seasonal presence provides an opportunity to explore the potential for more permanent retail locations. The move is also supported by the brand’s success at several multi-brand high-end retailers, as well as New York City’s status as one of the top fashion capitals of the world.

"Our SoHo store marks a pivotal transition for Perfect Moment, enabling us for the first time to engage directly with our New York community,” noted Perfect Moment’s co-founder and creative director, Jane Gottschalk.

“The store will embody our commitment to innovation, blending our iconic heritage with forward-thinking style to create an experience that resonates with the local community. For the store opening in October, we will celebrate the vibrant energy of New York City as we bring our AW24 collection to life.”

Gottschalk describes the interior design for the new space as embodying the brand’s signature style of a seamless blend of fashion and function. Cool-toned metallic surfaces will evoke a wintery feel, while contrasted with a softer, translucent look.

The brand’s iconic bright red will also punctuate the design, with key furniture pieces to be curved and lacquered in a deep, burgundy shade – a key color of the season. The fitting rooms will enhance the shopping experience with large, AI-generated backdrops of a majestic alpine ski resort, while capturing the vibrant spirit Perfect Moment has become well known for worldwide.

Throughout the season, the SoHo store will serve as a dynamic hub for brand engagement with several exclusive events and marketing campaigns. The initiatives will connect Perfect Moment with the local audience while enhancing the total brand experience.

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About Perfect Moment

Founded in 1984 in the mountains of Chamonix, Perfect Moment is a high-performance luxury skiwear and lifestyle brand. It blends technical excellence with fashion-forward designs, creating pieces that effortlessly transition from the slopes to the city, the beach, and beyond.

Initially the vision of extreme sports filmmaker and professional skier Thierry Donard, the brand was built on a sense of adventure that has sustained for over 20 years. Donard, fueled by his personal experiences, was driven by a desire to create pieces that offered quality, style and performance, pushing the wearer in the pursuit of every athlete’s dream: to experience ‘The Perfect Moment.’

In 2010, British-Swiss entrepreneurial couple Jane and Max Gottschalk took ownership of the brand. Under Jane’s creative direction Perfect Moment was injected with a new style focus, one that reignited the spirit of the heritage brand, along with a commitment to improving fit, performance and the use of best-in-class functional materials. As such, the designs evolved into the distinct statement pieces synonymous with the brand as we know it today.

Today, the brand is available globally, online and via key retailers, including MyTheresa, Net-a-Porter, Harrods, Selfridges, Saks, Bergdorf Goodman and Neiman Marcus.

Learn more at www.perfectmoment.com.

Important Cautions Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based on our current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ from those contained in the forward-looking statements, include those risks and uncertainties described more fully in the section titled “Risk Factors” in the final prospectus for our initial public offering and in our Form 10-K for the fiscal year ended March 31, 2024, filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release are made as of this date and are based on information currently available to us. We undertake no duty to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240920148466/en/

Company Contact

Jeff Clayborne, CFO

Perfect Moment

Tel +44 (0)204 558 8849

Email contact

Investor Contact

Ronald Both or Grant Stude

CMA Investor Relations

Tel (949) 432-7566

Email contact

Source: Perfect Moment Ltd.

FAQ

When will Perfect Moment (PMNT) open its first retail store in New York City?

Perfect Moment (PMNT) plans to open its first retail store in New York City's SoHo district in October 2024.

Where will Perfect Moment's (PMNT) first retail store be located?

Perfect Moment's (PMNT) first retail store will be located at 42 Crosby Street in the SoHo shopping district of Manhattan, New York City.

What will be featured in Perfect Moment's (PMNT) new SoHo store?

Perfect Moment's (PMNT) SoHo store will feature the brand's Fall/Winter 2024 collection of high-performance luxury skiwear and accessories, including best-selling styles like the Aurora Ski Pant and Polar Flare Jacket.

How long will Perfect Moment's (PMNT) SoHo store be open each year?

Perfect Moment's (PMNT) SoHo store will be a seasonal store, open from October through April each year.