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
With Gilt, Hudson’s Bay Company Bets Big on Off-Price
Nearly nine months after its acquisition of the flash-sales pioneer, president Jonathan Greller, chief merchant Kristen Sosa and HBC chief executive Jerry Storch discuss how Gilt Groupe fits into the company’s greater strategy.
With Gilt, Hudson’s Bay Company Bets Big on Off-Price
Nearly nine months after its acquisition of the flash-sales pioneer, president Jonathan Greller, chief merchant Kristen Sosa and HBC chief executive Jerry Storch discuss how Gilt Groupe fits into the company’s greater strategy.
Retail
Department Stores Battle for Manhattan
America’s luxury department stores are betting big on the buoyancy of the New York market. But is there space for everyone?
Department Stores Battle for Manhattan
America’s luxury department stores are betting big on the buoyancy of the New York market. But is there space for everyone?
Retail
Inside the Reinvention of Saks Fifth Avenue
Can the 92-year-old department store win back high-spending shoppers after years of inching downmarket?
Inside the Reinvention of Saks Fifth Avenue
Can the 92-year-old department store win back high-spending shoppers after years of inching downmarket?
Retail
A Wave of Consolidation Continues in Flash Sales Sector
Galeries Lafayette is the latest in a string of department stores investing in private sales sites as a means of strengthening omnichannel offerings.
A Wave of Consolidation Continues in Flash Sales Sector
Galeries Lafayette is the latest in a string of department stores investing in private sales sites as a means of strengthening omnichannel offerings.
Retail
Michael Kors, Ralph Lauren Hit Hard by Stores’ Discounting Binge
As retailers rely more heavily on promotions to drive traffic, Michael Kors Holdings Ltd. and Ralph Lauren Corp. have been two of the biggest victims.
Michael Kors, Ralph Lauren Hit Hard by Stores’ Discounting Binge
As retailers rely more heavily on promotions to drive traffic, Michael Kors Holdings Ltd. and Ralph Lauren Corp. have been two of the biggest victims.
Retail
Macy’s Hires Toys ‘R’ Us Executive Lennox as Marketing Chief
Macy’s Inc. hired Richard Lennox, bringing in a department-store industry newcomer to help the chain rebrand itself in a changing retail environment.
Macy’s Hires Toys ‘R’ Us Executive Lennox as Marketing Chief
Macy’s Inc. hired Richard Lennox, bringing in a department-store industry newcomer to help the chain rebrand itself in a changing retail environment.
China
Wal-Mart Steps Up Online Efforts in China as a Key to Future
Wal-Mart's tiny warehouse in eastern Shanghai doesn't look like much. But it's a key part of the company's strategy to win over grocery customers in China who are fast heading online.
Wal-Mart Steps Up Online Efforts in China as a Key to Future
Wal-Mart's tiny warehouse in eastern Shanghai doesn't look like much. But it's a key part of the company's strategy to win over grocery customers in China who are fast heading online.
Retail
Goldman Sachs Banker Flagged BHS Suitor had History of Bankruptcy
Retail tycoon Philip Green's Arcadia group was warned by a senior Goldman Sachs banker that a possible suitor of its BHS department store chain had a history of bankruptcy, MPs were told on Monday.
Goldman Sachs Banker Flagged BHS Suitor had History of Bankruptcy
Retail tycoon Philip Green's Arcadia group was warned by a senior Goldman Sachs banker that a possible suitor of its BHS department store chain had a history of bankruptcy, MPs were told on Monday.
Retail
Why American Department Stores Are ‘Broken’
Struggling American department stores still place the biggest orders, but increasingly rely on markdowns to drive foot traffic and sales, resulting in a vicious cycle with ramifications across the industry.
Why American Department Stores Are ‘Broken’
Struggling American department stores still place the biggest orders, but increasingly rely on markdowns to drive foot traffic and sales, resulting in a vicious cycle with ramifications across the industry.
Retail
Why Americans Aren't Shopping
Unemployment is down, gas is cheap and interest rates remain low. So why is American retail suffering?
Why Americans Aren't Shopping
Unemployment is down, gas is cheap and interest rates remain low. So why is American retail suffering?
Retail
Philip Green Hits Out at UK Pensions Regulator over BHS Sale
Retail tycoon Philip Green has said the head of Britain's Pension Regulator was "incorrect" when she told lawmakers earlier that the media reported he was selling department store BHS before he informed her.
Philip Green Hits Out at UK Pensions Regulator over BHS Sale
Retail tycoon Philip Green has said the head of Britain's Pension Regulator was "incorrect" when she told lawmakers earlier that the media reported he was selling department store BHS before he informed her.
Retail
Can American Retailers Kick Their Discounts Addiction?
Rampant discounting at American retailers is creating a race to the bottom, shrinking profit margins and diminishing brand value. Where will it end?
Can American Retailers Kick Their Discounts Addiction?
Rampant discounting at American retailers is creating a race to the bottom, shrinking profit margins and diminishing brand value. Where will it end?
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.