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PRESS RELEASE: NEW YORK, June 9, 2014 /PRNewswire/ -- Sycamore Partners today announced that it has closed its second fund, Sycamore Partners II, L.P., with limited partner commitments of $2.5 billion. Sycamore Partners' first fund, Sycamore Partners, L.P., closed in 2012 with limited partner commitments of $1 billion.
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Retailers and brands are feeling the pressure to know more about where their products come from, but are finding it challenging to gather information about their value chains. In a recent report conducted by Historic Futures, a supply-chain traceability solutions developer, 63 percent of retailers and brand owners said a lack of information has a real impact on business performance.
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Wolverine Worldwide revealed plans to close 140 stores as part of a strategic realignment plan designed to expedite growth and improve overall profitability. The company, makers of Merrell, Sperry Top-Sider, Stride Rite, Hush Puppies, Keds and more, will close 60 stores by the end of its fiscal year.
The global synthetic fiber price decline that began late last year and intensified in early 2014 was tempered somewhat last month, according to the newest data from consulting firm PCI Fibres. The index measuring the average price for acrylic, nylon, polyester and polypropylene filament yarns and staple fell by 2.5% in June on top of May's 4 percent drop.
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