skipjack polo S Menswear files for bankruptcy

polo mens shorts S Menswear files for bankruptcy

Posted by Colby RogersTwo months ago, the men clothing retailer announced it was closing 25 percent of its stores four of them in Virginia. It has even been trying to sell its corporate headquarters in Glen Allen.CEO Joe Olliver took more than $50,000 in pay cuts, hired a strategic advisor and cut 50 jobs at the headquarters. Olliver also announced plans to move certain store locations and reduce inventory.Pat Fishe, a finance professor at the University of Richmond, says retail sales are dismal and that consumers have all but stopped spending.”I wear my clothes longer, I wear my shoes longer. I don get a new car, I repair my car,” Fishe said. “That what people are doing right now.Whether or not S makes it out of bankruptcy may be tied to the economy.”We have to see how that sector of the retail buying public changes,” Fishe said. “In the next several months, things could go well for them. The economy could pick up a little bit. Everyone hopes it does and they could come out of this a stronger organization.”(Disclosure: NBC12 parent company, Raycom Media, is one of S creditors. )(c) 2009. WWBT, Inc. This material may not be published, broadcast, rewritten, or redistributed.Councilman Parker Agelasto has proposed an 80 cent tax on cigarettes, not long after council passed a meals tax increase.Child taken to hospital after being hit by school busChild taken to hospital after being hit by school busUpdated: Wednesday, March 14 2018 10:55 PM EDT2018 03 15 02:55:31 GMT
skipjack polo S Menswear files for bankruptcy