U.S. footwear and apparel company Nine West Holdings Inc filed an amended Chapter 11 bankruptcy plan that will reduce its pre-bankruptcy debt obligations by more than $1 billion, the company said on Wednesday.
Neiman Marcus has appointed Adam Orvos as Executive Vice President and Chief Financial Officer. Orvos replaces interim CFO Dale Stapleton, who will continue to serve as the company's SVP and Chief Accounting Officer.
The 25-year finance veteran will step down as CFO on July 11, after serving in his role for over 3 years. He will remain with the company until August 7, and Andrew Drexler will serve as CFO in the interim.
Retailers take note: Not only is Amazon dominating the shopping landscape in terms of sales, it placed first in an annual ranking of customer satisfaction, followed by department stores Dillards, JC Penney and Nordstrom.
Perfumania Holdings Inc, a U.S. retailer with exclusive distribution rights to several Trump-branded colognes, has hired advisers to explore strategic alternatives, including a debt restructuring, according to sources.
Clothing firm Sunrise Brands LLC has bid for the e-commerce business and intellectual property of bankrupt U.S. retailer The Limited, challenging a $26.3 million offer from private equity firm Sycamore Partners.