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.
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)