According to a report Thursday in the Seattle Times, Bellevue Square is suing Movado over its plans to close their Bellevue Square store, located on the first floor of the mall. Movado has plans to close the store in this month, even though it has a 3-year outstanding commitment.
The suit that has been filed against Movado in King County Superior Court is seeking past due rent as well as future rent, through the end of the company’s lease; Movado’s leases is set to expire on September 20, 2013 (possibly upwards of $600,000).
Movado has planned, nationally, to shut down their 27-boutique stores throughout the US, but will remain operating their outlet stores and one flagship store in New York City.
