USA: Retrospettiva Order From Boscov's Department Stores
Borivoje Vukadinovic, president and chief executive officer for Retrospettiva, stated: "We are delighted about our progress at Retrospettiva, as we continue to process orders from highly reputable companies like Boscov's. We anticipate future relations with Boscov's and other businesses like it as we further expand our product lines and gain the capability to fulfill many of their alternative merchandise needs."
About Boscov's Department Stores, Inc.
Boscov's Department Stores, Inc is a private, family owned, full-service department store that offers a conclusive range of products and services including men's children's and women's apparel, shoes, jewelry, cosmetics, housewares, toys, sports equipment and appliances. The company was founded in 1911 and currently operates 32 stores in Pennsylvania, Delaware, New Jersey, New York and Maryland.
About Retrospettiva, Inc.
Retrospettiva is a supplier of moderately priced women's apparel under private labels selected by its customers. The company markets its products exclusively in the United States directly to large wholesalers, national retailers and buying organizations, and directly to women's chain clothing stores, boutiques and catalogues.
Additionally, the company arranges for the manufacture of garments for customers. Retrospettiva contracts for the manufacture of its finished products only after its customers place purchase orders, including quantities, styles and designs. Since Retrospettiva is not involved in the design end of the transaction and the orders are, in essence 'pre-sold,' the company has effectively removed the risk normally associated with fashion and design, a risk that the customer assumes by default. Additional information on the company can be found at its corporate Web site, at http://www.rtro.com.
Except for the historical information contained herein, the matter set forth in this news release may include forward-looking statements that are subject to risks and uncertainty that may cause actual results to differ materially. Such forward-looking statements that may be contained in this document could include in particular statements concerning business backlogs, operating efficiencies and capacities, capital spending, and other expenses. Among other factors that could cause actual results to differ materially are the following: dependence upon unaffiliated manufacturers and fabric suppliers, dependence on certain customers, foreign operations, competition, risk associated with significant growth, uncertainties in the apparel industry, general economic conditions, seasonality, political instability, concentration of accounts receivable, possible fluctuations in the operations in operating results.
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