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Old July 15th, 2009, 05:52 PM   #1
DesignerValet
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Red face Jake Chicago Not Paying Its Bills?

No wonder their selection seemed to slide downward this year.....

http://www.nytimes.com/2009/07/16/fa...=1&ref=fashion


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Old July 15th, 2009, 06:30 PM   #2
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Default Re: Jake Chicago Not Paying Its Bills?

That was a very interesting read.

And I must say that I've never been fond of the style input, critiques and advice Jake's owners have given to Chicago fashion magazines and the occasional WWD article over the years.
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Old July 15th, 2009, 06:42 PM   #3
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Default Re: Jake Chicago Not Paying Its Bills?

After reading that, I'm not quite sure whether I feel it would be better to support them or to stay away from them.
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Old July 15th, 2009, 06:47 PM   #4
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Default Re: Jake Chicago Not Paying Its Bills?

cannot trust fat people


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Old July 15th, 2009, 06:49 PM   #5
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Default Re: Jake Chicago Not Paying Its Bills?

Quote:
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cannot trust fat people


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Old July 15th, 2009, 06:52 PM   #6
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Default Re: Jake Chicago Not Paying Its Bills?

you're not a fat guy anymore. it will take some getting used to.


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Old July 15th, 2009, 06:56 PM   #7
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Default Re: Jake Chicago Not Paying Its Bills?

Quote:
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cannot trust fat people
Truth. I know this first hand also. I used to be fat and was quite untrustworthy. Now that I'm in shape, I'm a beacon of society.
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Old July 15th, 2009, 06:57 PM   #8
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Default Re: Jake Chicago Not Paying Its Bills?

It sounds like they didn't forsee into the future enough to downsize their stock/labels. I pray to god that South Willard can make it through the recession!
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Old July 15th, 2009, 06:58 PM   #9
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Default Re: Jake Chicago Not Paying Its Bills?

^+1


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Old July 15th, 2009, 07:03 PM   #10
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Default Re: Jake Chicago Not Paying Its Bills?

How are our affiliates doing? I remember DresscodesATL went under awhile ago; Sometimes I wonder how they make money with all the crazy discounts being given out.
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Old July 15th, 2009, 07:07 PM   #11
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Default Re: Jake Chicago Not Paying Its Bills?

Quote:
Originally Posted by jamestown123 View Post
It sounds like they didn't forsee into the future enough to downsize their stock/labels.
The tone of the article and quotes from designers make it look like willful deceit. Yes a business, above all, has to stay open but I suppose they should expect a shitstorm when they undercut the designers who trusted them.
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Old July 15th, 2009, 07:10 PM   #12
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Default Re: Jake Chicago Not Paying Its Bills?

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How are our affiliates doing? I remember DresscodesATL went under awhile ago; Sometimes I wonder how they make money with all the crazy discounts being given out.
Atsui closed down their B&M store here in Seattle and I just noticed they don't have a link at the top of the page anymore.


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Old July 15th, 2009, 07:14 PM   #13
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Default Re: Jake Chicago Not Paying Its Bills?

wow... 5 mil in sales a year?
didnt know they pushed that kind of heat


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Old July 15th, 2009, 07:19 PM   #14
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Default Re: Jake Chicago Not Paying Its Bills?

Quote:
Originally Posted by jamestown123 View Post
It sounds like they didn't forsee into the future enough to downsize their stock/labels. I pray to god that South Willard can make it through the recession!
Nah, it's cool, jet will keep them afloat.

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wow... 5 mil in sales a year?
didnt know they pushed that kind of heat
+1. From walking in, I didn't really get the sense that they'd have lots of exclusive lunches and private fashion shows for their big spenders.


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Old July 15th, 2009, 07:19 PM   #15
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Default Re: Jake Chicago Not Paying Its Bills?

I'm more amazed by $50,000 of sales in one day, in one specialty store. Just goes to show that nothing is guaranteed in retail.

I hope that they can turn it around and eventually repay all of their vendors.


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