The dog days of summer have sent a chill through another regional department store chain as family-owned Boscov’s Department Stores has become the latest non-national player to lose at least some support in the credit community.
Vendor and credit sources said the factoring arm of CIT’s trade finance group on Monday put a “hold” on future orders to the Reading, Pa.-based chain. One source said CIT wanted more information from the retailer before committing to approval on future orders. CIT has not pulled support for back orders.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"