Tag: CIT

Retail Round-up: Small-Business Lender CIT Finally Declares Bankruptcy; Uniqlo Profits Soar 36%

The effects of CIT’s bankruptcy have yet to be felt, but brands already battered by the economy are preparing for the tsunami; meanwhile Uniqlo skips along happily on the upside of profitability.

Retail Round-up: Amazon Buys Online Retailer Zappos; PacSun Lowers Expectations; CIT Tells Fashion Industry to Brace Themselves

The roller coaster ride of retail continues with big highs and lows. Second quarter results, buy-outs, and banking trouble add fuel to the fire.

CIT Takes $3 Billion Loan but Will This Save Small-to-Mid Size Fashion and Retail Businesses?

Fashion and retail industries’ fall on more bad news as their greatest bank loan factor staves off bankruptcy%u2026for now.