Sears Holding Corp. said Friday Bank of America would not renew its $1 billion secured credit facility, but maintained there would be no impact on liquidity, according to a filing with the Securities and Exchange Commission.
Sears has only $1.6 million in outstanding letters of credit under the facility, which is scheduled to end in July.
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)