RackedWire: Blue Bag Renovates, Buffalo Exchange Multiplies

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NOLITA—The papered-up windows of Nolita handbag boutique Blue Bag (pictured above) are not a sign of the boutique's permanent closure. The shop is only shuttered temporarily for an interior facelift. They will reopen February 15th with their Spring/Summer 2008 collection. [RackedWire]

NEW YORK CITY—An exciting rumor for fans of thrift-store shopping, from a well-informed tipster: "I have inside knowledge that the buy-sell-trade clothing company Buffalo Exchange (which already has one majorly successful W'burg location) is opening up a second location somewhere in NYC. Hopefully they will just swallow the rent increase and get in on some Manhattan action but knowing the "thrifty" nature of the company a second Brooklyn location is more likely. The w'burg location is on every hipsters (and smart new yorker's) list of places to go for way cheap brand name clothing. It's also become the de-facto clearing house for many NYC showrooms, high-end, snooty boutiques (that shall remain nameless...you know who you are) and stylish clotheshounds who are in need of extra cash. Hopefully the second location will ease the (you-have-no-idea-how-heavy) burden of the first in being the only place in NYC to give you cash (no appointment and no weird "you can't stand there while I price your stuff" attitude) for your clothes. I think it should open within the next 6months." [RackedWire Inbox]