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.
department-stores
Retail
Department Stores Offer Curbside Service as Stores Reopen
Saks Fifth Avenue stylists and personal shoppers are sending messages to clients in Texas, telling them they can schedule appointments to shop online and collect merchandise curbside or make returns.
Department Stores Offer Curbside Service as Stores Reopen
Saks Fifth Avenue stylists and personal shoppers are sending messages to clients in Texas, telling them they can schedule appointments to shop online and collect merchandise curbside or make returns.
Retail
Lord & Taylor Explores Bankruptcy
It is one of several options that the retailer and its advisers are exploring, which also include trying to negotiate relief from creditors and finding additional financing, sources said.
Lord & Taylor Explores Bankruptcy
It is one of several options that the retailer and its advisers are exploring, which also include trying to negotiate relief from creditors and finding additional financing, sources said.
Retail
Macy's Taps Investment Bank to Explore Recapitalisation
Macy's has asked advisers to help manage its liabilities and explore options that could include new financing, sources say.
Macy's Taps Investment Bank to Explore Recapitalisation
Macy's has asked advisers to help manage its liabilities and explore options that could include new financing, sources say.
Retail
Debenhams Enters Administration for Second Time
The ailing British department store, which narrowly avoided collapse roughly 12 months ago, has already liquidated its operations in Ireland.
Debenhams Enters Administration for Second Time
The ailing British department store, which narrowly avoided collapse roughly 12 months ago, has already liquidated its operations in Ireland.
Retail
Is This the End of Wholesale, or the Beginning of Something Better?
Department stores are cancelling orders and delaying payments, pushing designers to breaking point and calling into question a system that has been challenged for years.
Is This the End of Wholesale, or the Beginning of Something Better?
Department stores are cancelling orders and delaying payments, pushing designers to breaking point and calling into question a system that has been challenged for years.
Retail
Report: Neiman Marcus Advances Bankruptcy Preparations
The department store began holding confidential discussions this week with bondholders about possible financing that would help the company continue operating while under bankruptcy protection, sources said.
Report: Neiman Marcus Advances Bankruptcy Preparations
The department store began holding confidential discussions this week with bondholders about possible financing that would help the company continue operating while under bankruptcy protection, sources said.
Retail
Macy's to Furlough Nearly 130,000 Employees
The department store said it planned to keep its stores shut and bring back employees on a staggered basis only once business resumes.
Macy's to Furlough Nearly 130,000 Employees
The department store said it planned to keep its stores shut and bring back employees on a staggered basis only once business resumes.
Retail
Why Neiman Marcus Is Getting Rid of Its Off-Price Stores
The Dallas-based department store chain is hoping that focusing on wealthy repeat customers will boost profits.
Why Neiman Marcus Is Getting Rid of Its Off-Price Stores
The Dallas-based department store chain is hoping that focusing on wealthy repeat customers will boost profits.
Luxury
Raf and Miuccia Steal the Spotlight from Paris
This week, everyone will be talking about Paris Fashion Week, the bid to take Saks' owner private and a trio of earnings reports by fashion technology companies. Get your BoF Professional Cheat Sheet.
Raf and Miuccia Steal the Spotlight from Paris
This week, everyone will be talking about Paris Fashion Week, the bid to take Saks' owner private and a trio of earnings reports by fashion technology companies. Get your BoF Professional Cheat Sheet.
Retail
Macy’s Is Ditching the Mall. Will the Plan Work?
The department store chain is closing 125 stores and opening a new small-format store concept. Analysts say pivoting away from struggling malls is a smart move.
Macy’s Is Ditching the Mall. Will the Plan Work?
The department store chain is closing 125 stores and opening a new small-format store concept. Analysts say pivoting away from struggling malls is a smart move.
Retail
Casper’s IPO Will Be a Moment of Truth for Fashion’s Start-Ups
This week, everyone will be talking about Casper's IPO, the state of New York Fashion Week and Macy's strategy update. Get your BoF Professional Cheat Sheet.
Casper’s IPO Will Be a Moment of Truth for Fashion’s Start-Ups
This week, everyone will be talking about Casper's IPO, the state of New York Fashion Week and Macy's strategy update. Get your BoF Professional Cheat Sheet.
Retail
Can the American Department Store Be Saved?
After a year of dismal sales growth, closures and bankruptcies, the multi-brand retailers still standing continue to face an uphill battle. Where’s the hope?
Can the American Department Store Be Saved?
After a year of dismal sales growth, closures and bankruptcies, the multi-brand retailers still standing continue to face an uphill battle. Where’s the hope?
The News in Brief
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.
AII Launches Industry-First Tool Standardising Measurement of Carbon Emissions
The new tool published by the climate-focused nonprofit aims to create a standardised benchmark across textile facilities to accelerate fashion’s efforts to decarbonise.
Marco De Vincenzo Exits Etro
The creative director’s departure after four years was a decision of ‘mutual agreement’ according to the Italian label.