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Dorfman Agrees to Buy Cappelli Straworld

Stockton, CA - (WWD) - Headwear and handbag firm Dorfman Pacific has agreed to acquire Cappelli Straworld, a manufacturer of women's hats, handbags and accessories in straw and cloth. Financial terms were not disclosed

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Former Spencer Clarke Bankers Move to Avalon Group

Ariel Imas, Karen Sterling and Braden Ferrari joined the investment banking firm Avalon Group, after having left Spencer Clarke. The group's focus is on raising capital for small publically traded companies and some private companies, consulting and mergers and acquisitions in consumer products and life sciences, Ferrari said in an email.

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Apparel Industry Awaits Hartmarx Bidding Outcome

Chicago, IL - (MRketplace.com) - Only one of the three known bidders for bankrupt Hartmarx appears to intend to keep the company in one piece, and that has many in the apparel industry nervous. The breakup of Hartmarx could mean lost jobs, closed factories and unpaid creditors.

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Retailers Bank on Exclusive Lines

New York - (WWD) - The search for a moderate-price bright spot has found a ray of light: exclusive brands appear to be withstanding the test of the economy.

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Despite surge, retail worsens

New York - (New York Post) - Retailers posted bettern-than-expected February sales, but business will soon get bumpier, according to some industry experts. 

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Stores need to excite, execute, entertain

New York, NY - (CNNMoney.com) - Merchants are desperate to lift sales. Consumers are wary to spend money. So how can struggling sellers still get shoppers in the store?

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Macy's to cut 7,000 jobs

Los Angeles, CA - (Los Angeles Times) - Department store giant Macy's Inc. said Monday that it would cut 7,000 jobs, or 4% of its workforce, as it expected sales to remain sluggish through 2009. No store closings were announced.

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