GLG News Analyses of the following article:Finlay Extends License Deal With Macy's For 2 Years
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Published at: www.rttnews.com
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Inventory Reductions May Not Be Sufficient to Rescue Finlay
March 11, 2008
In spite of renewed contracts with Macy's, Finlay continues face declining cash flow because of lower comp store sales and dwindling store base. The company's efforts to maintain liquidity by liquidating excess inventory may not be as successful as investors believe. Here is why.
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