Nau Update:

Nau has been acquired by Horny Toad who will attempt to resurrect the business model in a new and improved fashion. Be on the lookout for a newly updated site in October, along with a new season of clothes. Here’s what they have to say:

In October we’ll launch a new nau.com featuring new fall product. We’ll also initiate a new set of partnerships with a select group of retailers who will carry Nau clothing in their stores. Through the new website and our retail partners, we’re looking forward to making it even easier for you to find and try out the great designs in our Fall line.

Wishing them all the best in their new incarnation, and looking forward to seeing the new model bring the superior ideals of the old Nau to the fore.

Nau, Beverly Center which only opened last month.

Maybe it’s the economy, maybe it’s the true cost of doing business with a triple bottom line. Could it be the fact that we say we want sustainable choices, but when it comes down to it, we don’t want to pay for it…or perhaps it is a little of all of those things? Nonetheless, a great idea just shut its doors. Nau was a clothing company ahead of its time:

• Fair wages - bylaws prohibited any Nau executive from earning more than 12 times what the lowest-paid U.S. worker earned.

• Corporate responsibility - their charitable giving program dedicated 5 percent of each sale to charity.

• Innovative distribution via webfront stores - 10% off any purchase if one elected to have the item shipped for free instead of carrying it out of the store. This policy allowed Nau to stock and ship (and ship back) fewer items, creating more energy-efficient stores.

• Fashion forward design - truly sustainable fabrics and design practices from great designers with premium sportswear pedigrees…

• Shall I go on?

The bottom line is that Nau could not find its next round of venture funding to support a longer run, which says the model was still unproven, and therefore; great try, but not a home run. So it is with a sigh that we say goodbye to Nau, and what we expect may have influence on a longer-term success story. But in the short run, Nau leaves without the opportunity to prove itself sustainable.

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