Financial
Filene's Basement To Take Charges For Closing and Relocating Stores
WELLESLEY, Mass. -- Filene's Basement Corp. will take a charge of $14 million before taxes, or $9.6 million after taxes, primarily to close three stores and relocate three others.
The stores to be closed are in Vernon Hills and Mt. Prospect,...
— Jan 21, 1994
Working It Out With Labor's 'Master Contract': a New Agreement Aims To Solve the Bay Area's Longstanding Labor Problems
SAN FRANCISCO, Calif. -- An unprecedented year-long collaboration between manufacturers, contractors and federal labor department officials here has yielded a "master contract agreement" that could serve as the model for the garment industry...
— Jan 20, 1994
Rolling Blackouts Hit Businesses in Mid-Atlantic States' Deep Freeze
WASHINGTON -- Hundreds of businesses and malls in this area and along the Northeast corridor were forced to shut down Wednesday, after mid-Atlantic utilities sent an urgent plea to conserve energy to "prevent widespread, uncontrollable outages in the...
— Jan 20, 1994
NM Group: No Plans To Sell, Close Contempo Casuals Chain
NEWTON, Mass. -- The Neiman Marcus Group said it has no plans to sell or close its Contempo Casuals chain, even though this division continues to lose money through the first quarter.
First-quarter revenues at Contempo Casuals were down, said...
— Jan 20, 1994
Nov. Textile, Apparel Imports Rise 17.1%
WASHINGTON -- Textile and apparel imports rose 17.1 percent in November, compared with the same month in 1992, the Commerce Department reported Wednesday.
During November, textile and apparel imports totaled 1.3 billion square meters...
— Jan 20, 1994
NG Resigns As Head of He-Ro Division
NEW YORK -- Maria Ng has resigned as vice chairman and president of the manufacturing division at The He-Ro Group Ltd.
The company said Ng left on her own accord and that it is currently conducting interviews for a successor. Ng had been with...
— Jan 20, 1994
Nantucket Reports Loss in 3D Quarter
NEW YORK -- Nantucket Industries Inc. posted a loss of $565,469 in the third quarter ended Nov. 27, stung by continuing cost variances at its Puerto Rico plant.
The loss compares with a profit of $451,060, or 18 cents a share, a year earlier....
— Jan 20, 1994
