WWD.com/business-news/financial/cit-clients-advised-to-seek-alternatives-2218921

financial

July 23, 2009

CIT Clients Advised to Seek Alternatives

As the fate of CIT remain unclear, vendors and retailers must take a new view of inventory and more long-term planning.

By Vicki M. Young

financial/news

For now, CIT has reopened the credit spigot and was back providing advances to clients, according to sources. But the commercial lender said in a regulatory filing Tuesday that a Chapter 11 bankruptcy...

CIT Clients Advised to Seek Alternatives

As the fate of CIT remain unclear, vendors and retailers must take a new view of inventory and more long-term planning.

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