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
Hudson's Bay Exposes Saks Fifth Avenue Customer Info Online
The company posted information including email addresses and phone numbers for customers at Saks as well as identification codes for products that customers signed up for on wait-lists.
Hudson's Bay Exposes Saks Fifth Avenue Customer Info Online
The company posted information including email addresses and phone numbers for customers at Saks as well as identification codes for products that customers signed up for on wait-lists.
Retail
Report: Activist Investor Starboard Exits Macy's Stock
The move gives Macy's incoming chief executive officer Jeff Gennette more space to execute on the company's turnaround plan.
Report: Activist Investor Starboard Exits Macy's Stock
The move gives Macy's incoming chief executive officer Jeff Gennette more space to execute on the company's turnaround plan.
Retail
A Neiman-Saks Merger Would Create Luxury Empire at Risky Moment
The prospect of unifying Saks Fifth Avenue and Neiman Marcus has brought hope and fear to investors.
A Neiman-Saks Merger Would Create Luxury Empire at Risky Moment
The prospect of unifying Saks Fifth Avenue and Neiman Marcus has brought hope and fear to investors.
Retail
How Neiman Marcus Readied Itself for Potential Sale
The Dallas-based retailer restructured its considerable debt to appeal to buyers after yet another disappointing quarter.
How Neiman Marcus Readied Itself for Potential Sale
The Dallas-based retailer restructured its considerable debt to appeal to buyers after yet another disappointing quarter.
Retail
Op-Ed | China's Backlash Against South Korean Firms Won't Hurt a Bit
No matter how much firms may be hurting now, Chinese fans of K-Pop aren't gone for good.
Op-Ed | China's Backlash Against South Korean Firms Won't Hurt a Bit
No matter how much firms may be hurting now, Chinese fans of K-Pop aren't gone for good.
Retail
Ivanka Trump Backlash Didn’t Hurt Nordstrom
Hundreds of thousands of other posts on social media took sides, with pro-Nordstrom opinions slightly outweighing the negative ones. Either way, the buzz fizzled fast.
Ivanka Trump Backlash Didn’t Hurt Nordstrom
Hundreds of thousands of other posts on social media took sides, with pro-Nordstrom opinions slightly outweighing the negative ones. Either way, the buzz fizzled fast.
Retail
Report: Hudson's Bay's Bid for Macy's Stumbles
Macy's is skeptical that Hudson's Bay can raise the necessary financing for its bid, and it is not currently engaged in any negotiations about a possible deal.
Report: Hudson's Bay's Bid for Macy's Stumbles
Macy's is skeptical that Hudson's Bay can raise the necessary financing for its bid, and it is not currently engaged in any negotiations about a possible deal.
Retail
Is Nordstrom's Off-Price Strategy Hurting Its Mainline Business?
The department store chain’s off-price business is booming — but at what cost?
Is Nordstrom's Off-Price Strategy Hurting Its Mainline Business?
The department store chain’s off-price business is booming — but at what cost?
Retail
J.C. Penney to Shut Up to 140 Stores
The closings represent as much as 14 percent of company’s store base and less than 5 percent of total sales.
J.C. Penney to Shut Up to 140 Stores
The closings represent as much as 14 percent of company’s store base and less than 5 percent of total sales.
Luxury
US Luxury Brands Say Bon Voyage as Europe Regains Glow
It is possible US brands could attract European suitors with stronger performances and higher valuations.
US Luxury Brands Say Bon Voyage as Europe Regains Glow
It is possible US brands could attract European suitors with stronger performances and higher valuations.
Luxury
Should Amazon Challenge Hudson’s Bay for Macy’s?
Hudson’s Bay Company is reported to be in early talks to acquire Macy’s, but an Amazon merger could be a better fit.
Should Amazon Challenge Hudson’s Bay for Macy’s?
Hudson’s Bay Company is reported to be in early talks to acquire Macy’s, but an Amazon merger could be a better fit.
Retail
Trump Slams Nordstrom for Dropping Daughter Ivanka’s Brand
Nordstrom said last week that it would stop selling Ivanka Trump’s brand this season, citing poor sales.
Trump Slams Nordstrom for Dropping Daughter Ivanka’s Brand
Nordstrom said last week that it would stop selling Ivanka Trump’s brand this season, citing poor sales.
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.