Is the Prep Retrenchment Upon Us? Kelly Faircloth1/29/15 3:25pm733EditPromoteDismissUndismissHideGo to permalinkFirst came the demise of C. Wonder; then Gap announced it was killing Piperlime. Don't forget Abercrombie's shambling corpse, either. And now, all Kate Spade Saturday stores are going tootles and the sporty spinoff is being swallowed by the broader brand. Are preppy retailers DOOMED?