We are coming to the end of a long sale season. Today we hear that Scoop has marked down their Fall/Winter merchandise to 75% off. Our spies say that there is still a large selection, which does not mean good things for this retailer.
Rumors are that Scoop is being plagued with severe financial — a.k.a. bankruptcy–troubles. Say it ain’t so. I guess that’s what happens when you are too slow to markdown in a difficult economic season.
Speaking of the difficult economy, my Facebook friend and fellow blogger, Andrew James of What is James Wearing?, is asking everyone to figuratively burn a bit of money in honor of the Chinese New Year and his very own stimulus package.
I say, in difficult times– cash is king. If you’ve got it hold on to it. You never know when a great opportunity might present itself!
Contact: Ed 212-535-5577 (Scoop Woman’s)
Ranee 212-744-1836 (Scoop Men’s)