Standard & Poor's on Wednesday cut its ratings on BCBG Max Azria Group to a deeply speculative grade and cited concerns that the fashion retail chain may trip its debt covenants and struggle to make a $20 million loan payment due in March.
Recession-hit brides looking for that something borrowed to complete their outfit can rent gold tiaras from a major Japanese jeweler which unveiled pieces worth over a million dollars despite the faltering economy.
U.S. off-price retailer TJX Cos Inc (TJX.N) on Wednesday said its Chief Financial Officer Nirmal "Trip" Tripathy was resigning and its chief administrative officer, Jeffrey Naylor, would take over the job.
Gap Inc named former Levi Strauss & Co executive Mark Breitbard the chief merchandising and creative officer for Old Navy, its lower-cost family clothing chain that has struggled to find its footing amid declining traffic.
Coldwater Creek Inc (CWTR.O) cut annual base salaries by 15 percent for its top executives including the chief executive officer and chief financial officer and some other senior managers, effective Feb. 1.