Nick & Nora: chargeback casualty

A little bird tells me that Nick and Nora, the 20 year flagship manufacturer of high quality ladies pajamas will be shutting their doors. Little bird stresses the company is not going broke but has become fed up over department store chargebacks to the extent that they no longer choose to manufacture. As I wrote in the entrepreneur's guide, department stores are not the choice vendor accounts they once were. 10 years ago, stores withheld payment on invoices for 60-90 days while today it seems most stores are holding paper for 6 months.

Continue reading at Fashion-Incubator...