Success only runs one direction....
The winter show season is an endurance race. Unlike the summer circuit that spans two months, the winter circuit jams everything into four weeks-—this year, the biggest shows piled into only 21 days. It’s not hard to see the wear and tear on faces of vendors who attend all the biggies; it’s even easier to hear the exhaustion in what they say. [click here to continue…]
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This afternoon, Congress received a request from the Postmaster General asking permission to cut mail delivery to only five days a week. Ironically, the day that would be cut may well be a weekday-—not Saturday-—due to volume.
The first thing that comes to mind? Net 10 invoices. Depending on the day of the week an invoice is cut, how it’s sent, and which days your store is open, this could cut Net 10 to a threadbare three or four days. Not much to work with.
If this goes through, expect lots of pushback from retailers…and resistance from vendors whose credit lines are already stretched to the limit.
Getting thank you notes into the pipeline could be the least of your worries.
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The rumors are true-—Swoozies is assuming ownership of several bankrupt Blue Tulip stores, as demonstrated by court filings certifying lease transfers filed the past six days.
Here’s how it’s playing out:
Last Thursday, January 8th: The failing chain asked the courts for permission to begin the process of transferring unexpired leases to Swoozies.
Last Friday: Additional motions were entered to transfer leases on seven specific locations, including Ardmore PA, Marlton NJ, Florham Park NJ, Closter NJ, Warrington PA, Burlington MA, and Princeton NJ. [click here to continue…]
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