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Assets of Defunct Tandy Brands Up for Auction

In What's New, Industry News by Accessories Staff

Dallas—You could call it a going-out-of-business sale. The office, telecommunications and IT equipment that were part of Tandy Brands Accessories before it ceased operations in February are now part of an upcoming auction. Tiger Group’s Remarketing Services Division is auctioning late-model material handling equipment; contemporary office furnishings; data capture, network, …

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Tandy Brands to Cease Operations

In What's New, Industry News by Just Style

Dallas—Tandy Brands Accessories Inc., the maker of men’s, women’s and children’s belts and accessories, is to cease its operations after defaulting on a $29 million loan. The company, which is being delisted from the NASDAQ, is to dispose of certain assets to pay off its lender Salus Capital Partners, according …

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Roundup: New Executives at Retail

In What's New, Industry News, People by Accessories Staff

Executives changes and new appointments recently were announced at Barneys, Stage Stores, Bebe, Sears Holdings and Aeropostale. New York–Barneys announced today that Dennis Freedman has been named its new creative director. He replaced Simon Doonan who will assume the new position as creative ambassador-at-large. Freedman, who will report to Mark …

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Tandy Brands Posts Q1 Loss

In What's New, Industry News by Accessories Staff

Dallas—Reporting that sales in its fiscal first quarter 2011 suffered from reduced belt assortments, lack of reorders and delayed shipping, Tandy Brands Accessories said Wednesday it has a net lost of $2.7 million. Tandy Brands Accessories’ net loss compares to a net income of $1.1 million, or 15 cents per …