Friday, June 22, 2012


From Crain's -- "Daffy's not paying its bills - The discount clothing retailer, which has 19 stores, including eight Manhattan locations, is in financial trouble and may close underperforming shops, sources say."

There are several inaccuracies in this article (particularly the statement, "The retailer's products are often priced too high, not offering the same value the post-recession consumer has come to expect"), but I do believe we will see some store closures in the near future.  G-d willing the company will be able to restructure a bit and cut some costs.

No comments:

Post a Comment