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Scoop, Hilldun Factors in Good Standing

The 15-unit contemporary retailer has a new friend in the New York-based factoring and finance firm.

THE POOP ON SCOOP: Scoop, the 15-unit contemporary retailer, has a new friend in Hilldun Factors, the New York-based factoring and finance firm. Since Scoop began in 1996, Hilldun has never approved its clients’ orders, and they had to ship Scoop at their own risk. But Hilldun has decided to change its position.

“We are very encouraged by the changes they’ve made over the past year,” said Gary Wassner, chief executive officer of Hilldun. “We are being paid promptly and we’re doing a considerably larger amount of business with them now, with many brands. Personally, I am happy to see how they are merchandising their stores recently. I have confidence in their fashion direction.”

This story first appeared in the December 5, 2011 issue of WWD.  Subscribe Today.

Starting last week, Hilldun began approving its client’s orders as they’ve come in, and Wassner said he expects his clients’ business with Scoop to increase.

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