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TAPESTRY
Associate Manager, Site Merchandising Lifestyle
Permanent · New York
TAPESTRY
Manager, Materials Development & Sourcing
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MICHAEL KORS RETAIL INC
Part Time Sales Supervisor, Crabtree Valley Mall, Raleigh, nc
Permanent · Raleigh
MICHAEL KORS RETAIL INC
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BANANA REPUBLIC
General Manager- Outlets of Maui
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NORDSTROM INC
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NORDSTROM
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NORDSTROM INC
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OLD NAVY
Assistant General Manager, Merchandise - Regency Square
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OLD NAVY
Asset Protection Agent - Warwick Mall
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ADIDAS
Senior Manager Global Procurement
Permanent · Portland
ADIDAS
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ADIDAS
Manager Ctc Global Merchandising
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ABERCROMBIE AND FITCH CO.
Financial Analyst, Inventory Control
Permanent · Columbus
ABERCROMBIE AND FITCH CO.
Enterprise Business Solutions Analyst
Permanent · Columbus
ABERCROMBIE AND FITCH CO.
Manager - Digital Product Management (Remote)
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BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time: Huntington
Permanent · Huntington Station
BLOOMINGDALE'S
Art Director - Photo
Permanent · New York
RALPH LAUREN
Associate Manager Merchandise
Permanent · Bluffton
By
Reuters
Published
Apr 6, 2016
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Pacific Sunwear preparing for Chapter 11 bankruptcy filing

By
Reuters
Published
Apr 6, 2016

Struggling surfwear chain Pacific Sunwear of California Inc is preparing to file for bankruptcy, Bloomberg reported late on Monday, citing people with knowledge of the situation.


The company's shares fell as much as 70.4 percent to 10 cents in heavy trading on Tuesday.

Pacific Sunwear, which has posted annual losses since 2008, did not immediately respond to a request for comment.

The Chapter 11 filing could come as soon as next week, Bloomberg said, citing one of the people.

The situation remains fluid, and the timing could change, the report said.

A sluggish retail spending environment and increasing competition from fast fashion and online rivals have hurt U.S. clothing retailers, driving companies such as American Apparel Inc, Quiksilver Inc and Wet Seal Inc to file for bankruptcy.

Pacific Sunwear, which operates about 600 stores, had long-term debt of $97 million and $11.3 million of cash and cash equivalents as of October. 


 

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