COMMENT: Retail slowdown squeezes apparel makers
Hysterical headlines suggest clothing retailers’ sales are in meltdown, but the numbers behind them show the sector is suffering less…
Slowdown hits the supply chain
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US: Mervyns closure to cost Hanesbrands $5.5m
T-shirt and underwear maker Hanesbrands Inc says the closure of retailer Mervyns LLC will cost it $5.5m in third quarter…
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US: Mervyns decides to wind down business
US fashion retailer Mervyns is to hold "going out of business sales" at all of its remaining 149 stores as…
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US: Kahn is new CEO at Steve & Barry’s
Apparel retailer Steve & Barry’s has appointed ex-Macy’s executive Harold “Hal” Kahn as the company’s new CEO with immediate effect.…
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US: Steve & Barry’s to close 103 stores as part of rescue plan
Casual apparel retailer Steve & Barry's has begun liquidation sales at 103 of its stores slated for closure as part…
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In the money: Steve & Barry’s sold amid Chapter 11 spree
A string of Chapter 11 filings by clothing and footwear retailers in recent months shows that fashion is feeling the…