RETAILING

House of Fabrics Shares to Resume Trading: The Sherman Oaks-based chain said it has emerged from Chapter 11 Bankruptcy Court protection and that trading of its stock will resume today on Nasdaq. House of Fabrics Inc., which sells fabrics and home sewing items, filed for reorganization in November 1994 because of heavy debt obligations. The company said it has obtained $60 million in financing for an initial period of three years from the New York-based CIT Group. House of Fabrics operates 269 company-owned House of Fabrics, Sofro Fabrics, Fabricland and Fabric King retail fabric and craft stores in 34 states and employs approximately 7,000 people. Since filing to reorganize, the company has closed more than 200 under-performing stores.