Dan River lessens impact of Kmart filing

Danville, VA — Dan River announced that earlier this month the company entered into an agreement with a third party in an effort to significantly mitigate the impact of this week's Kmart bankruptcy filing on Dan River's result of operations and financial condition.

The company does not expect the Kmart filing to have a material adverse effect on its ability to successfully implement its current business plan, but it does plan to increase its bad debt reserve for its fourth fiscal quarter of 2001.

Home & Textiles Today Staff | News & Commentary

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HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!