HRLSQ Harold's Stores Inc. featured news, full reports, and detailed charts
Harold's Stores Inc. (HRLSQ/HRLSQ.PK) Wrap Up:
Harold's Stores, Inc., together with its subsidiaries, operates as a specialty retailer of ladies' and men's apparel, accessories, and footwear in the United States. Its stores offer various ladies' apparel, including coordinated sportswear, dresses, outerwear, shoes, and accessories; and men's apparel, including tailored clothing, furnishings, sportswear, outerwear, and shoes. The company markets its products through retail stores, catalogs, and the company’s Web site at harolds.com. As of April, 21 2008, it operated 41 ladies' and men's specialty apparel stores and 2 outlets in 19 states, as well as an online store, www.harolds.com. The company was founded in 1948 and is headquartered in D...Harold's Stores Inc. (HRLSQ:OTC)
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Key developments for Harold's Stores Inc. (HRLSQ)
Harold's Stores Inc. announced that the clothing store at 518 Perkins Extended has entered its final week of operations. The company plans to close its store on January 17, 2008.
Effective November 11, 2008, Harold's Stores Inc. will change its OTCPK stock ticker symbol to HRLS.Q from HRLS.
Harold's Stores Inc. announced that it has obtained $1.8 million in additional financing in the form of a new subordinated loan from Ronus Inc. The Company entered into an amendment to its existing credit facility with Wells Fargo Retail Finance II, LLC to permit the new financing, but otherwise did not materially change the terms of the facility. The new subordinated loan will mature in June 2010 and bears interest payable monthly at a rate of 12% per year and is secured by all of the personal property owned by the Company and its subsidiaries. The payment of the new loan and the collateral liens are subordinate to the rights of Wells Fargo under the credit facility.
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