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.
real-estate
News & Analysis
Macy’s Taps Brookfield to Mine Real Estate Cash as Sales Dip
Brookfield will have the exclusive right for two years to create a development plan for about 50 pieces of Macy’s real estate.
Macy’s Taps Brookfield to Mine Real Estate Cash as Sales Dip
Brookfield will have the exclusive right for two years to create a development plan for about 50 pieces of Macy’s real estate.
News & Analysis
Baltimore OKs Finance Deal For Under Armour CEO's $5.5 Billion Project
Baltimore's city council gave final approval for a $660 million public financing package to help fund a $5.5 billion project for Under Armour chief executive officer Kevin Plank's real estate company, a council spokesman said on Tuesday.
Baltimore OKs Finance Deal For Under Armour CEO's $5.5 Billion Project
Baltimore's city council gave final approval for a $660 million public financing package to help fund a $5.5 billion project for Under Armour chief executive officer Kevin Plank's real estate company, a council spokesman said on Tuesday.
Retail
Macy’s Pullback Imperils $30 Billion of Debt, Morningstar Says
Store closures by Macy’s could hurt more than the mall rats, according to Morningstar Credit Ratings.
Macy’s Pullback Imperils $30 Billion of Debt, Morningstar Says
Store closures by Macy’s could hurt more than the mall rats, according to Morningstar Credit Ratings.
News & Analysis
Coach Signs 20-Year Sale-Leaseback for New York Headquarters
The brand has entered into a 20-year sale-and-leaseback agreement for its headquarters in New York City.
Coach Signs 20-Year Sale-Leaseback for New York Headquarters
The brand has entered into a 20-year sale-and-leaseback agreement for its headquarters in New York City.
Retail
General Growth Sells $1.25 Billion Stake in Fashion Show Mall
General Growth Properties sold a 50 percent stake in Fashion Show, a high-end shopping mall on the Las Vegas Strip, for $1.25 billion.
General Growth Sells $1.25 Billion Stake in Fashion Show Mall
General Growth Properties sold a 50 percent stake in Fashion Show, a high-end shopping mall on the Las Vegas Strip, for $1.25 billion.
Financial Markets
Sports Direct Buys Oxford Street Freehold for Fashion Flagship
Retailer Sports Direct International has announced it will buy the freehold of a property in London's Oxford Street for 108 million pounds for use as a flagship store for its FLANNELS.com fashion brand and offices.
Sports Direct Buys Oxford Street Freehold for Fashion Flagship
Retailer Sports Direct International has announced it will buy the freehold of a property in London's Oxford Street for 108 million pounds for use as a flagship store for its FLANNELS.com fashion brand and offices.
Financial Markets
Prada Store Closures to Offset Openings and Shield Profit Margins
Prada will offset new shop openings with selective closures this year and the next in an effort to shield profit margins from weaker demand.
Prada Store Closures to Offset Openings and Shield Profit Margins
Prada will offset new shop openings with selective closures this year and the next in an effort to shield profit margins from weaker demand.
Retail
Update: Blackstone Denies Seeking to Acquire Brazil Mall Operator
Investment firm Blackstone Group LP on Sunday said it is not considering an acquisition of Brazilian shopping mall operator BR Malls Participacoes SA, denying a report published early in the day by newspaper O Globo.
Update: Blackstone Denies Seeking to Acquire Brazil Mall Operator
Investment firm Blackstone Group LP on Sunday said it is not considering an acquisition of Brazilian shopping mall operator BR Malls Participacoes SA, denying a report published early in the day by newspaper O Globo.
News & Analysis
Macy’s Adds Real Estate CEO to Board to Help With Property Plans
Macy’s Inc. named Four Corners Property Trust Inc. chief executive officer Bill Lenehan to its board, enlisting a real estate expert to help the chain figure out what to do with its properties.
Macy’s Adds Real Estate CEO to Board to Help With Property Plans
Macy’s Inc. named Four Corners Property Trust Inc. chief executive officer Bill Lenehan to its board, enlisting a real estate expert to help the chain figure out what to do with its properties.
Financial Markets
J.C. Penney Looking at Sale-Leaseback Deal for Texas Headquarters
Department store operator J.C. Penney Co Inc said it is pursuing a potential sale and partial leaseback of its headquarters in Texas to reduce debt and costs.
J.C. Penney Looking at Sale-Leaseback Deal for Texas Headquarters
Department store operator J.C. Penney Co Inc said it is pursuing a potential sale and partial leaseback of its headquarters in Texas to reduce debt and costs.
News & Analysis
Coach Leases Space for Fifth Avenue Store, General Growth Says
Coach Inc. leased space at Manhattan’s 685 Fifth Ave. that will serve as a store for the luxury-handbag maker, landlord General Growth Properties Inc. said Tuesday.
Coach Leases Space for Fifth Avenue Store, General Growth Says
Coach Inc. leased space at Manhattan’s 685 Fifth Ave. that will serve as a store for the luxury-handbag maker, landlord General Growth Properties Inc. said Tuesday.
Financial Markets
Einhorn Buys Macy’s Stake Saying It Could Be a Takeover Target
Greenlight Capital, the hedge fund firm led by David Einhorn, said it made a new investment in retailer Macy’s Inc. in the fourth quarter, to "unlock the value" of its land and buildings.
Einhorn Buys Macy’s Stake Saying It Could Be a Takeover Target
Greenlight Capital, the hedge fund firm led by David Einhorn, said it made a new investment in retailer Macy’s Inc. in the fourth quarter, to "unlock the value" of its land and buildings.
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.