USA: May To Buy Marhsall Field's Columbus Stores
The company did not disclose the financial terms of the deal but said it does not include the stores' inventory, while staff at the Tuttle Crossing and City Centre stores will be offered employment by May.
"While it's difficult to make a decision like this, we believe this move will allow us to focus more intently on our stores that have a stronger presence in their respective markets," said Marshall Field's president Linda Ahlers.
"We continue to invest in our stores, improving our level of service, injecting excitement into our merchandise assortment and making our store environments easier to shop."
Help test our new apparel sourcing tool.
- US apparel sector braces for potential cost hikes
- Does a hard Brexit mean hard times for UK fashion?
- Trade Tracker – Trump's first weeks, Brexit agenda
- Key trade issues facing US textiles and apparel
- Primark challenges critics with cotton initiative
- Li & Fung dropped from Hang Seng Index
- Bangladesh "high threat" for terrorist activity
- Vietnam apparel exports miss 2016 target
- Trump talks of tweaking NAFTA trade with Canada
- H&M leads Better Cotton league
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective
- Technical textile markets: product developments and innovations, December 2016
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Global market review of lingerie – forecasts to 2022