NEW YORK — Department store chain Mervyns lost credit approval from CIT Group Inc. for $40 million in orders.
Mervyns, which was previously owned by Target Corp. and taken private in 2004, has been swathed in turmoil. The mid-tier retailer so far has cut 315 jobs, closed over 80 locations and replaced its top executive. John Goodman, a former Levi Strauss executive, is now Mervyns’ CEO.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"