RETAILING

House of Fabrics Gets Reprieve: The troubled Sherman Oaks-based fabric retailer said its bank lenders have agreed to waive “all existing and certain future defaults” through Nov. 11, giving it time to pursue a capital restructuring. The agreement also allows House of Fabrics to maintain its borrowing base at 60% of its inventory value through Jan. 30, rather than the 55% rate that had been scheduled to take effect at the end of August. Last month, the company reported an $11.6-million loss for its fiscal second quarter on a 15% decline in revenue to $110 million. It announced plans to close 200 of its 624 stores by the end of January.