FAO, Inc. has issued a statement responding to a negative story in Friday's New York Post (see 'FAO Needs a Big Holiday Season'), stating that, 'It is not experiencing a cash crunch.' In addition, the company indicates that it is receiving increasing amounts of trade credit from its suppliers, and its stock levels are at the highest levels of the year, giving it plenty of inventory for the holiday season. FAO was able to increase its borrowings because of Letters of Credit collateralized by preferred shareholders.
No Worries
Posted by ICv2 on October 20, 2003 @ 11:00 pm CT
MORE SHOWBIZ
First Graphic Novel Coming in Mid-2025
November 22, 2024
The first graphic novel adaptation is slated for release in mid-2025.
With Cover by Original Creator Tad Stones
November 21, 2024
Tad Stones, who created Darkwing Duck as a Disney animator in the 1990s, did a cover for the first issue.
MORE GAMES
'Death Korps of Krieg,' Also, New 'Astra Militarium Codex'
November 22, 2024
Games Workshop unveiled Death Korps of Krieg boxed set, for Warhammer 40,000.
New Premium Figure
November 22, 2024
WizKids will release Adult Red Dragon Tyrant, a new premium figure for D&D Icons of the Realms, into retail.