Syrup Clothing Co. Closes Its Doors
Los Angeles–based contemporary sportswear maker Syrup Clothing Co. closed its doors on Oct. 29 after filing for Chapter 7 at the Los Angeles branch of the U.S. Bankruptcy Court for the Central District of California, according to David White, owner and president of Syrup.
White cited increased operating costs and a steady decline in sales as reasons for the 6-year-old company’s closure.
“It’s a sign of the times, which is kind of sad to say,” White said. “After speaking to our factors, we found out that there’s a lot of companies out there that are experiencing financial trouble. Large companies have a tremendous advantage by marketing themselves, which is how they’re able to withstand tough times.”
At its peak, Syrup earned more than $3.5 million. This year, sales revenues fell 60 percent to $1.5 million, White said.
For a time, Syrup’s related-separates collection was popular among young female shoppers. Retailers included Dillard’s, Macy’s and Nordstrom and better boutiques throughout the United States. The company’s early success led to the launch of a junior division, Gossip, which was distributed to mid-tier department stores including JCPenney and Sears. Gossip closed its doors less than one year later.
White, an industry veteran with more than 25 years of experience in apparel sales, served as the president of Z. Cavaricci Inc. for four years prior to launching Syrup.
White said he is currently looking to align himself with a company that would benefit from his work experience.
—Claudia Figueroa
