More From Rich Wilner
Kmart Claims ‘no Decision’ on Divesting Specialty Stores
NEW YORK -- Kmart Corp. is working on a new plan to divest its specialty chains, a source close to the…
Macy’s Claims Independence, but Talks Go On
NEW YORK -- R.H. Macy & Co. said Monday that despite recent -- and possibly ongoing -- high-level talks with…
MGR has Loss in Quarter, Cites Merchandise Deficit
NEW YORK -- Hurt by a lack of merchandise in its stores, Merry-Go-Round Enterprises reported a loss of $10.8…
Federated Maintains its Pace in Earnest Pursuit of Macy’s
NEW YORK -- Federated Department Stores shows no signs of backing off from its pursuit of R.H. Macy & Co.
Even…
Carter Hawley Hale: a West-Coast Watch
NEW YORK -- Will Carter Hawley Hale have enough cash for the rough times ahead? Factors are mulling the…
Bondholders Take a Stand, Back Macy Plan
NEW YORK -- R.H. Macy & Co.'s official bondholders' committee Wednesday put its weight behind Macy's $3.7…
Vendor Credit Managers Sanguine About Who Wins the Fight for Macy’s
DALLAS -- While the battle for bankrupt R.H. Macy & Co. rages on, the credit managers for several of Macy's…
Federated to Buy Joseph Horne, Merge it into Lazarus
NEW YORK -- Federated Department Stores plans to enter the Pittsburgh and Erie, Pa., markets by purchasing…
Factors See Turnaround as Sales of Established Clients Take Off
NEW YORK -- Factoring executives, who as recently as January were bearish about the apparel-textile industry…
Macy’s Chapter 11: Creditors Seen Delaying Exit for More Value
NEW YORK -- With R.H. Macy & Co. showing improvements in sales and earnings, bondholders and preferred…
Key Week for Macy’s; Federated Unshackled
NEW YORK -- This week could prove to be pivotal in R.H. Macy & Co.'s fight to keep Federated Department…
Several Factors Put Freeze on Woolworth
NEW YORK -- Several factoring firms Thursday put a hold on shipments to Woolworth Corp. in the wake of the…
Losses Mount: Leslie Fay Aims to Shut Down All U.S. Plants
NEW YORK -- The red ink continued to flow at The Leslie Fay Cos. in the fourth quarter ended Jan. 1 while the…
Macy’s Results Better in Feb., Still in the Red
NEW YORK -- While creditors mull over its plan to distribute $3.6 billion in value, R.H. Macy & Co. gave them…