US SEC Preparing to Eliminate Quarterly Reporting Requirement, WSJ Says
The proposal would give companies the option to share results twice a year.
department-stores
Retail
Daniella Vitale Named CEO of Barneys New York
In a long-expected succession plan, chief executive Mark Lee has been named executive chairman, reporting to Richard Perry.
Daniella Vitale Named CEO of Barneys New York
In a long-expected succession plan, chief executive Mark Lee has been named executive chairman, reporting to Richard Perry.
Retail
A Day of Reckoning for American Department Stores?
2017 could bring a final judgment for some of America’s biggest department store players, which have long faced serious headwinds.
A Day of Reckoning for American Department Stores?
2017 could bring a final judgment for some of America’s biggest department store players, which have long faced serious headwinds.
Luxury
Kors vs. Coach: Which is Best Positioned to Buy Kate Spade?
Two of Kate Spade’s biggest competitors are reportedly considering buying the accessible luxury brand. Which is likely to win — and should either of them be bidding in the first place?
Kors vs. Coach: Which is Best Positioned to Buy Kate Spade?
Two of Kate Spade’s biggest competitors are reportedly considering buying the accessible luxury brand. Which is likely to win — and should either of them be bidding in the first place?
Retail
US Department Stores Steady Profitability — Even as Sales Slide
US department store chains have used layoffs, store closings and cutbacks to maintain one aspect of stability: profit margins.
US Department Stores Steady Profitability — Even as Sales Slide
US department store chains have used layoffs, store closings and cutbacks to maintain one aspect of stability: profit margins.
Retail
Saks Fifth Avenue Owner HBC Plummets After Cutting Forecast
The company now expects sales of C$14.4 billion ($10.9 billion) to C$14.6 billion this fiscal year.
Saks Fifth Avenue Owner HBC Plummets After Cutting Forecast
The company now expects sales of C$14.4 billion ($10.9 billion) to C$14.6 billion this fiscal year.
Retail
Macy’s Inc: The Slow Death of an American Icon
Macy’s needs more of the ‘magic’ the company touts in its tagline if the department store chain is to survive.
Macy’s Inc: The Slow Death of an American Icon
Macy’s needs more of the ‘magic’ the company touts in its tagline if the department store chain is to survive.
Retail
J.C. Penney Holiday Sales Drop 0.8 percent, Shares Slide
J.C. Penney Co Inc said same-store sales for November and December fell 0.8 percent, blaming a weak start to the holiday selling season.
J.C. Penney Holiday Sales Drop 0.8 percent, Shares Slide
J.C. Penney Co Inc said same-store sales for November and December fell 0.8 percent, blaming a weak start to the holiday selling season.
Retail
US Department Store Challenges Fail to Rattle Some Investors
Weak holiday sales by some US department stores have reignited fears that the sector may never recover its growth levels of the past, but some investors are holding out hope for a longer-term recovery.
US Department Store Challenges Fail to Rattle Some Investors
Weak holiday sales by some US department stores have reignited fears that the sector may never recover its growth levels of the past, but some investors are holding out hope for a longer-term recovery.
Retail
Department Stores Losing Market Share in Beauty, Too
Beauty and cosmetics were once considered Amazon-proof traffic-drivers to department stores, as beauty companies had long-term deals with stores, rarely discounted their products, and barely sold their goods online. No longer.
Department Stores Losing Market Share in Beauty, Too
Beauty and cosmetics were once considered Amazon-proof traffic-drivers to department stores, as beauty companies had long-term deals with stores, rarely discounted their products, and barely sold their goods online. No longer.
Retail
Can Fred Segal Reclaim Its Southern-California Cool?
The iconic retailer is aiming to win back its cachet with a new West Hollywood location. But is it too late?
Can Fred Segal Reclaim Its Southern-California Cool?
The iconic retailer is aiming to win back its cachet with a new West Hollywood location. But is it too late?
China
How Tsum’s Bet on Chinese Tourists Beat the Russian Recession
Tsum’s chief executive Alexander Pavlov explains how ‘red tourism’ from China and quick-response pricing strategies helped boost sales at the Russian department store by 40 percent.
How Tsum’s Bet on Chinese Tourists Beat the Russian Recession
Tsum’s chief executive Alexander Pavlov explains how ‘red tourism’ from China and quick-response pricing strategies helped boost sales at the Russian department store by 40 percent.
Retail
Post-Election, US Apparel Spend Is Just as Divided as the Country
Data shows Donald Trump supporters, buoyed by his win, spent more on apparel after the US election than Hillary Clinton supporters.
Post-Election, US Apparel Spend Is Just as Divided as the Country
Data shows Donald Trump supporters, buoyed by his win, spent more on apparel after the US election than Hillary Clinton supporters.
The News in Brief
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.
Lanvin Deputy CEO Siddhartha Shukla Exits Brand
Owner Lanvin Group said it is ‘fully committed’ to the French label’s development under creative director Peter Copping, with CEO Andy Lew in charge of management.
Ulta Beauty Forecasts Annual Profit Below Estimates
Shares declined in after-hours trading as the beauty retailer expressed a cautious outlook for 2026.
Exclusive: Brita Invests in Shower Filter Firm Hello Klean
The German water filtration firm has acquired a minority stake in Hello Klean, which sells shower heads it claims mitigate the effects of hard water.