The economic fallout from the COVID-19 crisis will lay claim to one of the most upscale fashion retailers in Pike/Pine.
Totokaelo came to the neighborhood in 2012, expanding after its Pioneer Square birth and setting the stage for founder Jill Wenger to grow her global fashion ambitions. Wenger soon pushed Totokaelo into the New York fashion scene and set off on a rapid growth strategy. “We’re leaving so we can globalize,” Wenger said. “I want to be the biggest luxury fashion brand in the world, and the most coveted and the most beloved.”
That growth came at a cost. Wenger was out just over a year later as a private equity firm took over the company and engineered a merger with Richmond, Virginia-based fashion label Need Supply.
Now, with COVID-19 reshaping retail and creating huge risk for leveraged enterprises, Totokaelo’s parent company is pulling the plug on the brand and will not be reopening the stores.
The store’s closure joins a small group of fashion retailers calling it quits around the Hill including vintage and consignment shop Le Frock which has shuttered on E Pike and youth fashion chain Urban Outfitters which has left its giant retail space on Broadway empty.
In the small waves of closures seen so far around the Hill during the COVID-19 crisis, Totokaelo’s path seems closest to the travails of the Rudy’s Barbershop chain. In May, CHS reported on a group including Rudy’s founders striking a deal to buy back the chain from the private equity firm that ran it into bankruptcy and was prepared to close every location due to the economic challenges.
Capitol Hill’s Totokaelo space is a two-leveled store inside the auto row-era Ford Building on 10th Ave that is also home to Elliott Bay Book Company. In 2017, the building was purchased by Keeler Investment Group for $14 million from Capitol Hill-based Hunters Capital. We’ve reached out to Keeler to ask about the retailer’s exit.
We have also asked Totokaelo’s parent company for more on the decision to close but have not heard back.
Capitol Hill and Central District COVID-19 Crisis Closures: CHS has tried to confirm all reported statuses. Please let us know if any information needs to be updated email@example.com -- LAST UPDATED: 7/23/20
Food and drink
- Nates Wings & Waffles, Happy Grillmore and the Central District Ice Cream Company, announced 8/6/20
- Americana, Broadway, announced 7/23/20
- The Lounge by AT&T and Ada’s Discovery Cafe, E Thomas, announced 7/7/20
- Bill's Off Broadway, E Pine, announced 6/24/20
- Stumptown, 12th Ave, announced 5/26/20
- Adana, 15th and Pine, announced 5/21/20
- Tougo, 18th and Union, announced early April, Yesler location remains open
- My Thai, 10th Ave E, closed but we're not sure when it shuttered
Retail and more
- Ritual House, 19th Ave E, reported 7/15/20
- Totokaelo, 10th Ave, reported 7/13/20
- Mode of Fitness, E Pine
- Urban Outfitters, Broadway, youth fashion chain's exit began last summer as Broadway Market began search for new tenant
- Le Frock, E Pike, consignment shop announced permanent closure in April
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