|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0011 - 0.0011|
|52 Week Range||0.0011 - 0.0018|
|PE Ratio (TTM)||N/A|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||0.20|
Cache Inc has become the fifth U.S. apparel retailer to file for bankruptcy in three months as the sector struggles with growing competition and lower spending by teen shoppers. Cache is seeking a "stalking horse" bidder for its assets and it has received commitment for debtor-in-possession financing of up to $22 million from Salus Capital Partners LLC, the retailer said on Wednesday.
Apparel retailer Cache Inc filed for Chapter 11 bankruptcy protection and the company said it was seeking a "stalking horse" bidder for its assets. The company said it had received commitment ...
Cache Inc is poised to become the latest U.S. apparel retailer to file for bankruptcy, Bloomberg reported, citing people familiar with the matter. The bankruptcy filing could come as early as next week, the Bloomberg report said. Several U.S. apparel retailers have been struggling to come to terms with stiff competition from fast-fashion brands such as H&M, Forever 21 and Inditex's Zara and online retailers such as Amazon.com Inc, who offer deep discounts. Last week, Wet Seal Inc became the fourth U.S. apparel retailer to file for bankruptcy in the past two months, joining Deb Shops, Delia*s Inc and Body Central Corp.