By and and  on December 3, 2008

Feeling the heat from a lack­­­luster retailing environment that’s been especially tough for men’s tailored clothing, S&K Famous Brands Inc. may be running out of options in its battle to stay in business.

Credit sources said this week that liquidation was a possibility as the retailer struggles with tighter credit in general and, in its own operations, declining sales, mounting losses and a poor cash position. One credit contact said the retailer has delayed paying some vendors, while another said S&K’s bank is becoming more involved in operations in response to limited availability under its loan facility.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus