February 10th, 2012
Published Daily

No Green Shoots in the Clothing Business

by Rick Ackerman on November 2, 2009 5:25 pm GMT

Looks like the alleged “recovery” may bypass the clothing business, since their biggest lender is going down in flames. CIT has provided funding to 2,000 firms that supply merchandise to more than 300,000 stores. About 60% of America’s apparel industry depends on CIT for financing.  Click here  for the full story.



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