The Fashion Executives Network The most comprehensive provider of market data and analysis.
Management |ANALYSIS
Debunking Sear’s eleventh-hour rescue plan
New York - Sears’ chairman Eddie Lampert reached a deal with Sears early this month to acquire 425 Sears stores and other assets for about 5.2 billion dollars after winning a bidding process. Lampert’s ESL Investments will put 850 million dollars into a new asset-based loan, according to a regulatory filing last from January, 18. "We are pleased...
Management
Mountain Warehouse posts record festive sales
Outdoor retailer Mountain Warehouse has defied the high street and reported record Christmas trading, with sales rising by nearly 12 percent to 84.7 million pounds in the 13 weeks to January 6. The group, which specialises in outdoor clothing and equipment, stated that it served more than three million customers during the 13-week festive period...