Global Supply-Chain Expert: U.S. Businesses Reopen in May, Rise During Summer, Recovery in September
Freight costs could doubleNEW YORK -- U.S. businesses will reopen in the first two weeks of May, rise throughout the summer, and in September show the first signs of recovery, says Thomas Cook, CEO of Blue Tiger International, which helps companies with global supply-chain… Read more.
April 14, 2020
Robert Allen Wants Only Sales From Warehouse Stock
RADG is “ghost” of the company that once was the second largest U.S. supplier of decorative fabrics and furnitureMIAMI BEACH, Fla.—It will be a year next month that real estate developer Brant Enderle bought Robert Allen Duralee Group (RADG) out of bankruptcy for $19 million. Today, he’s reportedly selling its inventory at full wholesale and telling… Read more.
April 10, 2020
ITA Cancels June 2020 Showtime Market
Next Showtime market remains as scheduled for November 15-18, 2020HIGH POINT, N.C. – Based on the effect of COVID-19 on the home furnishings industries and current business conditions, International Textile Alliance has canceled its spring Showtime market. Initially rescheduled to June 12-16, 2020, to help… Read more.
April 9, 2020
Need Free Business Financial Planning During Coronavirus? Bru Textile Leaders and Others Spearhead New Website: RecovidNowTextile business leaders and others want to assist businesses with ways to handle the coronavirus crisis: the new RecovidNow.com website. “There is no commercial interest in this site, we just wanted to offer our experiences to help others… Read more.
April 8, 2020
Laura Ashley U.K. Closes 70 Stores, Looks Toward ChinaLONDON – Laura Ashley U.K., the home furnishings and fashion brand, will close 70 branches here, while it makes a move into China, according to trade reports. “This is a sad time for Laura Ashley U.K. as we step in administration. Regrettably,… Read more.
April 7, 2020
Donghia Closes New York Showroom; Files for Bankruptcy
In debt for $10 million to $50 million to more than 1,000 creditorsNEW YORK—The Donghia showroom in New York has closed and the staff has departed, according to trade reports. Weeks following Donghia’s decision to close its showrooms and lay off a majority of its staff, the company has filed for Chapter… Read more.