Raf Simons

You may have thought that Seven has become all but invisible, its entrance obscured by heavy scaffolding and a series of barricades erected for the renovation of a neighboring building. Foot traffic has dropped from about 40 customers a day to 10, said Steve Sang, a founder of the store. Sales now average less than half of what they were before the recession. At this rate, he said, Seven won't survive another six months.

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