Chief financial officers were having a harder time getting funds to run operations even before the near-complete restructuring of Wall Street and the freezing of the credit markets over the last month.
Forty-one percent of financial chiefs at U.S. retailers said they experienced a tightening of credit from their lenders, according to a study by accounting and consulting firm BDO Seidman LLP. Nearly a quarter — 24 percent — reported broader use of pink slips and said they have had or plan to have significant staff reductions this year.
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)