The fashion industry is gearing up to unveil its spring lines to shoppers, but the department store Barneys New York may not have anything to unveil. Hilldun Corporation, a top factoring firm, has suspended its accounts with Barneys for at least a week. Another factoring company, Rosenthal & Rosenthal Inc., is also said to have put [...]
Continue reading...Thursday, January 29, 2009
Clothing company Chico’s FAS is eliminating 180 positions, and may close up to 25 stores to cope with the economy. Chico’s, which operates its namesake retail stores, White House | Black Market and Soma Intimates brands, has suffered from weak sales as consumers cut their spending back amid the recession. The job cuts represent 11% of its [...]
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Tuesday, February 24, 2009
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