Mervyns, the $2.5 billion moderate-price regional department store chain, could file for bankruptcy court protection in a matter of days, credit sources said.
There was a possibility last week that the Hayward, Calif.-based retailer might be able to get a cash infusion, but when that failed to materialize, attention shifted to a Chapter 11 filing, the sources said.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)