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
Luxury
Should Condé Nast Sell Itself?
With the demise of Style.com, the media giant has proven unable to tap the ‘tipping point’ in e-commerce. Now the same digital tsunami is coming for its core.
Should Condé Nast Sell Itself?
With the demise of Style.com, the media giant has proven unable to tap the ‘tipping point’ in e-commerce. Now the same digital tsunami is coming for its core.
Luxury
Neiman Marcus Shelves Plans For a Sale
The upscale retailer said it had terminated any talks regarding a partial or full sale of the company, nearly three months after embarking on a plan seeking strategic alternatives.
Neiman Marcus Shelves Plans For a Sale
The upscale retailer said it had terminated any talks regarding a partial or full sale of the company, nearly three months after embarking on a plan seeking strategic alternatives.
Retail
Report: Nordstrom Family Launches Search for Buyout Partner
The Nordstrom family is talking to buyout firms about raising $1 billion to $2 billion to fund a potential bid to take the department store group private, according to people familiar with the matter.
Report: Nordstrom Family Launches Search for Buyout Partner
The Nordstrom family is talking to buyout firms about raising $1 billion to $2 billion to fund a potential bid to take the department store group private, according to people familiar with the matter.
Retail
Op-Ed | Why Nordstrom Will Go Private on the Cheap
Members of the Nordstrom family are considering buying out their fellow shareholders and taking the retailer private.
Op-Ed | Why Nordstrom Will Go Private on the Cheap
Members of the Nordstrom family are considering buying out their fellow shareholders and taking the retailer private.
Retail
Nordstrom Family Exploring Deal to Take Retailer Private
Members of the controlling Nordstrom family have formed a group to consider taking the company private.
Nordstrom Family Exploring Deal to Take Retailer Private
Members of the controlling Nordstrom family have formed a group to consider taking the company private.
Luxury
The Business of Cruise: Go Big or Go Home
While some smaller labels are abandoning Cruise shows altogether, luxury megabrands continue to pour up to $10 million into elaborate spectacles. Is it worth the investment?
The Business of Cruise: Go Big or Go Home
While some smaller labels are abandoning Cruise shows altogether, luxury megabrands continue to pour up to $10 million into elaborate spectacles. Is it worth the investment?
Retail
Sears Posts First Profit Since 2015
Sears shares rose by as much as 27 percent in early trading after the company posted its first quarterly profit since 2015, bringing a ray of optimism to a retail chain struggling to regain its relevance.
Sears Posts First Profit Since 2015
Sears shares rose by as much as 27 percent in early trading after the company posted its first quarterly profit since 2015, bringing a ray of optimism to a retail chain struggling to regain its relevance.
Retail
What's Next for DKNY?
After acquiring DKNY for $650 million, apparel firm G-III has cut a series of deals that could initially raise brand awareness and sales, but ultimately damage the label's premium image.
What's Next for DKNY?
After acquiring DKNY for $650 million, apparel firm G-III has cut a series of deals that could initially raise brand awareness and sales, but ultimately damage the label's premium image.
Retail
A Wall Street Dealmaker's All-In Bet on Retail
At at time when the long, slow death of retail is accelerating, private equity investor Stefan Kaluzny runs the risk of staking his $3.5 billion firm to an industry that might just be doomed to fail.
A Wall Street Dealmaker's All-In Bet on Retail
At at time when the long, slow death of retail is accelerating, private equity investor Stefan Kaluzny runs the risk of staking his $3.5 billion firm to an industry that might just be doomed to fail.
Retail
J.C. Penney Is Having a Serious Wardrobe Malfunction
All clothing categories at J.C. Penney — men’s, women’s, and kids — posted negative comparative store sales for the quarter.
J.C. Penney Is Having a Serious Wardrobe Malfunction
All clothing categories at J.C. Penney — men’s, women’s, and kids — posted negative comparative store sales for the quarter.
Retail
Sinking Department Store Sales Herald 'Do-More-With-Less' Era
With consumers increasingly fleeing department stores for Amazon.com Inc. and specialty shops, the former stewards of retail are scrambling to adapt.
Sinking Department Store Sales Herald 'Do-More-With-Less' Era
With consumers increasingly fleeing department stores for Amazon.com Inc. and specialty shops, the former stewards of retail are scrambling to adapt.
Retail
Hudson's Bay Shares Drop on Disappointing Sales
Shares in the department store chain owner fell by more than 6 percent after it reported disappointing quarterly same-store sales figures, hurt by fewer customers shopping in its stores.
Hudson's Bay Shares Drop on Disappointing Sales
Shares in the department store chain owner fell by more than 6 percent after it reported disappointing quarterly same-store sales figures, hurt by fewer customers shopping in its stores.
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.