Financial
Cherokee Will Eliminate Men's Wear, Concentrate on Women's, Girl's Lines
SUNLAND, Calif. -- Cherokee Inc., which emerged from Chapter 11 bankruptcy in June, said it is dropping men's wear from its apparel division to focus exclusively on women's and girls' apparel.
The men's wear line, introduced in March 1992, has...
— Jan 19, 1994
Many Factors Finding Buyers For MGR Unsecured Claims
NEW YORK -- An active market is emerging for the trading of unsecured claims of Merry-Go-Round Enterprises, with many factors opting to sell out for about 82 cents on the dollar rather than wait for the retailer to emerge from Chapter...
— Jan 19, 1994
Jerri Sherman Drops Prices
NEW YORK -- Jerri Sherman, a bridge silk blouse and separates manufacturer known for its intricate prints, has dropped the wholesale price of its basic long-sleeved blouses from $89 to $74, effective with fall deliveries.
Jerri Sherman, who...
— Jan 19, 1994
Apparel Inventories Up, Production Still Dropping
WASHINGTON -- Apparel and accessories store inventories have been growing, while apparel production continues to fall, according to latest government statistics.
"People are being very cautious about buying apparel, and I think firms are...
— Jan 19, 1994
He-Ro Group Posts Loss of $1.7M In 2nd Quarter
NEW YORK -- The He-Ro Group Ltd., which is being heavily downsized, posted a loss of $1.7 million in the second quarter ended Nov. 30 after a $1 million restructuring charge.
The charge is related to the closing of the company's moderate dress,...
— Jan 19, 1994
Conran Stores to Liquidate
NEW YORK -- Conran Stores Inc., the home-furnishings chain headed by Marvin Traub, is liquidating.
Conran's, which filed a Chapter 11 petition here Jan. 7, has received bankruptcy court approval to run going-out-of-business sales at all 14 of...
— Jan 19, 1994
Warnaco to Buy One Business, License Two From Calvin Klein
NEW YORK -- Two industry giants agreed to tie the knot Tuesday.
The Warnaco Group will acquire one business of Calvin Klein Inc. -- men's underwear -- and license the trademarks for men's accessories worldwide. Warnaco will also acquire the...
— Jan 19, 1994
