recession Archives

Presidential Favorite Hartmarx Files Chapter 11

January 26, 2009

President Barack Obama may heart Hartmarx, but it still hasn't saved the company from falling victim to the bad economy. We know we rarely report on men's fashion…but we are talking the President and a Chicago firm here. According to WWD, late last Friday, the President’s favorite Chicago tailor, and one of the oldest and …

Retail Detail. The L.A. Boutique Closing Epidemic

January 14, 2009

L.A. is suffering from an epidemic of closings and downsizing which has really hit high-profile specialty boutiques. From Rodeo Drive to Melrose Avenue the economic reality has rocked merchants on some of the Los Angeles region’s best-known shopping streets. The shutdown of boutiques like Tracey Ross, which closed on New Year’s Eve after 18 years …