Galiano French lingerie producer and distributor SIL Group (of licensed brands like Sonia Rykiel, Christian Lacroix, Cacharel, John Galliano and Kenzo) is in court-imposed liquidation, WWD is reporting. The firm, acquired by the French underwear firm Eminence in 2003, had positioned itself as an incubator for designer brands. However, the loss last fall of a …
Here we go. Get prepared to see many more store closings in the upcoming months. Famed L.A. boutique, Tracey Ross, is closing on New Year’s Eve because of fallout from the recession. Ross first opened her shop, on Robertson Boulevard, in 1990 before moving to the Sunset Plaza district in West Hollywood in 1996, where …
According to Wikipedia, wardrobing is the practice of purchasing an item, using it, and then returning it to the store for a refund. It is most often done with expensive clothing – hence the name – but the practice is also common with tools, electronics, and even computers. Having worked retail for years I was …
Shoe Pavilion Inc., the Sherman Oaks, California-based discount shoe retailer, just filed for bankruptcy protection and sought court approval to close more than half of its 117 stores, according to the L.A. Times. "There are approximately 43 stores which are clear money losers and will need to be closed in an expeditious manner," Shoe Pavilion …
