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chicteacher


BCBG

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interesting article - department stores in trouble
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http://fashionista.com/2009/02/department_stores_on_the_slide.php

jc penney sign.jpgWWD just reported that the month of January saw 600,000 jobs cut from the American economy, 8,600 of which were from department stores.

This news comes right on the heels of yesterdays department store news, that the S&Ps Ratings Services has placed six department stores - Dillards, Macys, Neiman Marcus, Nordstrom, J.C. Penney and Sears - on credit watch, which means any or all of those companies could have their credit ratings lowered, and we all know what that means.

In fact, Bon-Ton, Kohls and Saks have all recently had their credit ratings lowered from stable to negative.

Our advice? If youve been holding on to some gift cards from any of those stores



-- Edited by chicteacher at 13:02, 2009-02-08

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exsupahero


Kate Spade

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What dept. stores are going to be left if these close?

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atlgirl


Gucci

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Yeah, who does that leave? Bloomingdale's?? Sheesh. Pretty soon we won't have anywhere to shop anymore! Except maybe Anthro...but sadly, I cannot live by Anthropologie alone.

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"Good taste shouldn't have to cost anything extra." - Mickey Drexler
Kel


Coach

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It is amazing how many stores are in trouble. I went onto some of there websites after you posted this article (mainly Saks and Neiman's) and you would think they would have really good sales because of their financial situation, but they don't.

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gossipgirl


Dooney & Bourke

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I guess we'll still have Walmart....

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Fashion fades, only Style remains - C Chanel.
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