Read on NYmag.com:
"Last month we learned that factors had stopped approving Barneys'
spring orders until the store had provided certain information on
financing to prove that they, well, had it. One such factor sent a
letter to vendors and designers yesterday explaining they are being
"led to believe [Barneys owner] Istithmar is going to support Barneys.
But until we see actual details, projections and have an opportunity to
review and discuss, we are holding/declining orders." Funny he says
that, because Istithmar chief David Jackson has called some of their
requests "unwarranted."
Read rest of story on New York Magazine online....
Read rest of story on New York Magazine online....
A designer gave us all something to think about...
"Has the criteria for the impressive retailer changed? Is the new impressive retailer - the store that everyone wants to be in, the store that you want so badly to stop at your booth – now the one that can pay their bills? Are the store names of the last decade or so not so impressive anymore?"
I have definitely heard lots of renditions on this theme from all factions of the business.
Posted by: Cindy Edelstein | March 24, 2009 at 12:06 AM