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.
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)