(no subject)

I wasn't a total bump on a log while at work yesterday, and made myself an apportioning ruler for the Tudor Tailor patterns. I don't know why I didn't think of it before! Now I can draft out the sleeve pattern without any annoying slashing and spreading. Wish I'd thought of it for the kirtle and gown patterns, but at least I have it now for any future projects.

Remembered to take a pic of the sleeve pattern, so I will pattern that out today and hopefully cut it out and assemble it after work.

Despite being desperately tired, I managed to do a grocery run (Walmart tried to substitute my out-of-stock kale with leeks, which are not even remotely alike, and I can only assume the sub was made by someone completely unfamiliar with either vegetable), make a big pot of soup for dinner, and to cut out and assemble the back of the kirtle. Hooray! The kirtle is now at the point where if I run out of time, I can slap together some quick last minute finishes and it will be wearable. I'm considering committing blasphemy and installing a zipper in the kirtle for time's sake (it closes up the center back, so it wouldn't be seen), and replacing it with hand-sewn eyelets at a later date. The kirtle will also not be getting sleeves this week, because I don't really need them for this outfit and they can wait.

PoF3 is finally out for delivery! Should have it by the time I get home today.

In other news, Joann's is in deep, deep trouble, and is in danger of being delisted from the Nasdaq. The company may not survive much longer.

"Joann Fabrics has been racing to make cuts and win pricing concessions from its vendors because the chain understands the environment it's operating in. Christmas Tree Shops and Bed Bath & Beyond both had loyal customer bases but went bankrupt because they could not find the cash needed to fund their operations. 

That's a risk Joann Fabrics runs because the company has only $19.1 million in cash on hand while it has over $1 billion in debt. The company also saw its quarterly loss rise to $73 million compared to $56.9 million in the previous quarter.

Add in that the company runs the risk of being delisted — a move that would make it harder to raise needed capital — and it's not hard to see how bleak the chain's reality has become."

Further down in the article, Joann's current mouthpiece is quoted as saying that they're confident their ABL loan is going to save them. I asked M about that, because he actually works in ABL at Capital One (they're not the ones that have Joann's loan, some other bank does) and he said the only way the ABL loan can actually save them is if Joann's has over $1B in assets (ie. inventory) that they could liquidate if needed to cover their debts. I don't see them having that, but maybe they do, who knows. Assets are confidential, so it's not something that could be looked up.