Lululemon Sees Annual Revenue, Profit Below Estimates Amid Board, Demand Challenges
CEO Calvin McDonald stepped down in December following months of share price weakness and lack of design freshness.
department-stores
Retail
Nordstrom Lenders Demanded Interest Rate the Family Couldn't Pay, Say Sources
Nordstrom's founding family needed roughly $7 billion to take the department store private, with lenders thought to have demanded twice the average borrowing cost for typical retailers.
Nordstrom Lenders Demanded Interest Rate the Family Couldn't Pay, Say Sources
Nordstrom's founding family needed roughly $7 billion to take the department store private, with lenders thought to have demanded twice the average borrowing cost for typical retailers.
Retail
Op-Ed | Wall Street Wisely Makes Nordstrom Wait `Til Next Year
The Nordstrom family intends to pick up where it left off after the holidays, at which point lenders will be able to price debt with a better understanding of how the company's Nordstrom Local experiment is panning out.
Op-Ed | Wall Street Wisely Makes Nordstrom Wait `Til Next Year
The Nordstrom family intends to pick up where it left off after the holidays, at which point lenders will be able to price debt with a better understanding of how the company's Nordstrom Local experiment is panning out.
Retail
Nordstrom Pauses Search for Buyout Partner
The Nordstrom family is no longer actively looking to close on a sale this year but will resume after the holiday season ends.
Nordstrom Pauses Search for Buyout Partner
The Nordstrom family is no longer actively looking to close on a sale this year but will resume after the holiday season ends.
News & Analysis
There's a Glimmer of Hope Amid Neiman Marcus' Sales Decline
"Revenue in the period slipped 0.5 percent, after it had dropped in the mid- to high-single digits over the previous quarters."
There's a Glimmer of Hope Amid Neiman Marcus' Sales Decline
"Revenue in the period slipped 0.5 percent, after it had dropped in the mid- to high-single digits over the previous quarters."
News & Analysis
Nordstrom's Attempt to Go Private Has Stalled Over Financing, Sources Say
"The Nordstrom family is working with private equity firm Leonard Green to provide equity financing on the deal, but it will need bank support for
Nordstrom's Attempt to Go Private Has Stalled Over Financing, Sources Say
"The Nordstrom family is working with private equity firm Leonard Green to provide equity financing on the deal, but it will need bank support for
Technology
Pop-Up Shop Teams With Neiman Marcus to Solve Retail 'Pain Points'
The high-tech 24-hour store in partnership with Marie Claire and Mastercard looks to solve some of the retail industry’s woes.
Pop-Up Shop Teams With Neiman Marcus to Solve Retail 'Pain Points'
The high-tech 24-hour store in partnership with Marie Claire and Mastercard looks to solve some of the retail industry’s woes.
Retail
Neiman Marcus and the Cautionary Tale of Toys R Us
The decline of the debt-laden American toy store chain does not bode well for the luxury department store giant.
Neiman Marcus and the Cautionary Tale of Toys R Us
The decline of the debt-laden American toy store chain does not bode well for the luxury department store giant.
Retail
Kohl's Teams Up With Amazon in Bid to Drive Traffic to Stores
The retailer will open 1,000-square-foot Amazon areas in 10 of its locations, offering gadgets like the Echo device and the Fire tablet.
Kohl's Teams Up With Amazon in Bid to Drive Traffic to Stores
The retailer will open 1,000-square-foot Amazon areas in 10 of its locations, offering gadgets like the Echo device and the Fire tablet.
Retail
Galeries Lafayette Acquires Majority Stake in La Redoute
Through its holding company Motier, the French luxury department store is acquiring a 51 percent stake in La Redoute, with the goal of acquiring the entire business in the future.
Galeries Lafayette Acquires Majority Stake in La Redoute
Through its holding company Motier, the French luxury department store is acquiring a 51 percent stake in La Redoute, with the goal of acquiring the entire business in the future.
Retail
Hudson's Bay Jumps on Report It's Reviewing Strategic Options
The company, which has already hired an investment bank in response to pressure from activist shareholder Land & Buildings, plans to hire an additional financial adviser to conduct the review, according to a new report.
Hudson's Bay Jumps on Report It's Reviewing Strategic Options
The company, which has already hired an investment bank in response to pressure from activist shareholder Land & Buildings, plans to hire an additional financial adviser to conduct the review, according to a new report.
Retail
Macy's Gains After Naming eBay Executive as President
Macy’s rose after naming former eBay senior VP Hal Lawton as president, bringing in an executive with an extensive technology background to the struggling department store giant.
Macy's Gains After Naming eBay Executive as President
Macy’s rose after naming former eBay senior VP Hal Lawton as president, bringing in an executive with an extensive technology background to the struggling department store giant.
News & Analysis
The Incredible Shrinking Sears
"How a financial wizard took over a giant of American retailing, and presided over its epic decline."
The Incredible Shrinking Sears
"How a financial wizard took over a giant of American retailing, and presided over its epic decline."
The News in Brief
Puig Announces New CEO
Jose Manuel Albesa will succeed Marc Puig, becoming the first non-family member to lead the Spanish conglomerate in more than 20 years.
Spandex Maker Lycra Files for Bankruptcy After Years of Stress
The company has been hampered with disruptions to supply chains, elevated inflation, growing competition from low-cost manufacturers and trade tariffs.
US SEC Preparing to Eliminate Quarterly Reporting Requirement, WSJ Says
The proposal would give companies the option to share results twice a year.
Kering Unveils New Jewellery Unit, Merges Fashion Brand Reporting
Kering’s newly created jewellery division regroups Boucheron, Pomellato, Dodo and Qeelin brands as the company aims to pool resources. The conglomerate is also regrouping fashion brand reporting, shielding smaller labels from investor scrutiny.
Bondholders Approve Saks Global’s Five-Year Business Plan
Saks is moving towards exiting bankruptcy and tapped an additional $300 million of its Chapter 11 financing package.
Luxury Stocks Face Most Bearish Sentiment in Years, UBS Says
War in the Middle East, the luxury industry’s fastest-growing market, threatens to delay a long-expected rebound in demand.
Trump Signs Order to Combat Fraudulent ‘Made in America’ Labels, White House Says
The executive order directs the FTC chairman to prioritise enforcement of existing laws against sellers and manufacturers who falsely claim products are made in America.