Weekly Retail Report
Visions of luxury clouded our dissections of the many partnerships developing this week.0
Rock & Republic crossed their fingers that their strategic Chapter 11 bankruptcy filing last week will bait a new investor to help them repay $15 million loan. But overall, March sales boosted retail stocks. H&M was up in the first quarter and some other stuff happened in Bejing. Oh but in respectable retail news, the University of Wisconsin – Madison AKA la alma matter de yours truly) announced they will sever their partnership with Nike due to questionable practices at their Honduras shoe factories. (Nike allegedly closed the factories without notice or severance pay for their Honduran workers.) At least some Go Badgers!
Posted by Emma Dinzebach at 12:00 AM
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