Marks & Spencer's Chairman Steps Down... No Barneys Return for Gene Pressman...

The departure of Sir Stuart Rose marks the end of a dramatic era at Marks & Spencer, the U.K.’s largest clothing retailer.

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ARNOLD’S AGENDA: Jodi Arnold, the designer known for her intricate embellishment and painterly original prints, closed her store in Brooklyn at 347 Atlantic Avenue and Hoyt Street this month, and the fate of her Manhattan store is uncertain. Sources said Arnold is exploring several opportunities even as she continues discussions with existing and potential investors about keeping the business going. Arnold could not be reached for comment Tuesday. Her partner, DeForrest Borders 3rd, declined comment.

Arnold was reportedly affected by the tightening credit picture brought on by the recession. Like other smaller designer businesses, Arnold may be having difficulty obtaining factoring, sources said, although she is believed to be working with wholesale accounts.

Arnold’s store at 56 University Place and Tenth Street was originally conceived as a pop-up shop to run through Dec. 23, 2009. The permanent store subsequently bowed with a lease said to run for one year. Arnold’s label, originally known as Mint by Jodi Arnold when it launched in 1999, was renamed Jodi Arnold in 2007. She collaborated on two capsule collections for The Limited in March and August.

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