After only three years in business, Interior is closing down effective immediately.
Designers Jack Miner and Lily Miesmer launched the New York City-based label in 2021 (though the latter quietly departed the brand in late 2023). Its market positioning seemed promising: Interior was nominated for the 2024 Fashion Trust US in April and received lots of press from its Fall 2024 presentation during New York Fashion Week this February. It also generated positive sales for an emerging, independent label. According to Vogue, in 2023 it reached $2 million in revenue and for its Fall 2024 market alone, it closed with $700,000.
Despite the optimistic outlook, Miner was forced to call it quits due to economic instability: He told Vogue that wholesale estimates for Interior’s pre-spring collection (which “will now never see the light of day”) forecasted Interior to be flat or down year-over-year, plus the brand was behind on order fulfillment due to supply-chain challenges.
“I could have rolled the dice and really gambled to continue, but I don’t have the resources to make that money up, and I could not just enter this place that feels even more insecure,” Miner told writer José Criales-Unzueta.
Photos: Courtesy of Interior
In the interview, Miner reflected on how the brand received as much support as “it could have hoped to have gotten” and is appreciative he had the privilege to call it quits without feeling “backed into a corner.”
The label has already ceased its business: The e-commerce site is still up, but there are no products available to shop. (There are items, most of them on sale, available via third party retailers like Saks and Nordstrom.) Fashionista reached out to Interior for comment and will update this story accordingly.
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Source: Fashionista.com
