Scoop NYC's Big Helping of Trouble - NBC New York

Scoop NYC's Big Helping of Trouble



    Scoop NYC's Big Helping of Trouble
    Scoop during the mad sales rush last December

    Then WWD started poking around Scoop's finances, and today the paper's lead story focuses on Scoop's money problems. Since September 2008, it turns out, the company's had factor issues not unlike the ones Barneys was facing in February. The Shophound explains: "Factors are a quiet, usually rarely heard from component of the fashion industry who approve retailers' credit and help facilitate wholesale transactions. They are often the first to raise the red flag indicating that a retailer is in trouble." In Scoop's case, that flag has been waving for months. A representative of the company that owns Scoop told WWD that their finances are sound, but it clients seem to think otherwise.

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