Saks Global Nabs $500 Million in Post-Bankruptcy Financing
The department store group aims to exit Chapter 11 by summer with a leaner store footprint and repaired vendor relationships.
Cathaleen Chen
Retail Editor
Cathaleen Chen is Retail Editor at The Business of Fashion (BoF). She is based in New York and drives BoF's coverage of the retail and direct-to-consumer sectors. Prior to BoF, Cathaleen was a consumer reporter for TheStreet and covered real estate for The Real Deal. She graduated from Northwestern University with a degree in journalism.
Luxury
What Makes Madison Avenue Work
The renaissance of the Upper East Side shopping district reflects a broader shift in how brands are rethinking their retail strategies, prioritising affluent neighbourhoods where loyal customers live and dine.
What Makes Madison Avenue Work
The renaissance of the Upper East Side shopping district reflects a broader shift in how brands are rethinking their retail strategies, prioritising affluent neighbourhoods where loyal customers live and dine.
Luxury
Kate Spade Names Jonathan Saunders Executive Creative Director
After years without a single creative leader, the Tapestry-owned brand is betting the Alexander McQueen and Calvin Klein alum can help reignite growth and sharpen its identity.
Kate Spade Names Jonathan Saunders Executive Creative Director
After years without a single creative leader, the Tapestry-owned brand is betting the Alexander McQueen and Calvin Klein alum can help reignite growth and sharpen its identity.
Retail
How Nili Lotan Is Finding Growth in a Crowded Market
On track to generate $150 million in sales this year, the New York label is entering footwear for the first time as it looks to expand beyond its signature wardrobe staples.
How Nili Lotan Is Finding Growth in a Crowded Market
On track to generate $150 million in sales this year, the New York label is entering footwear for the first time as it looks to expand beyond its signature wardrobe staples.
Retail
Why Shein Is Worth Far Less Than Before
This week, Shein received approval for a long-awaited IPO targeting a valuation of around $40 billion, a steep markdown from its peak valuation of $100 billion in 2022 due to slowing growth, regulatory hurdles and a weak consumer environment.
Why Shein Is Worth Far Less Than Before
This week, Shein received approval for a long-awaited IPO targeting a valuation of around $40 billion, a steep markdown from its peak valuation of $100 billion in 2022 due to slowing growth, regulatory hurdles and a weak consumer environment.
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Retail
Americana Sells. Why Are Brands Afraid of Celebrating America?
The resurgence of Americana has fuelled growth for brands like Ralph Lauren, but America’s 250th anniversary is exposing how difficult it has become to separate national identity from politics.
Americana Sells. Why Are Brands Afraid of Celebrating America?
The resurgence of Americana has fuelled growth for brands like Ralph Lauren, but America’s 250th anniversary is exposing how difficult it has become to separate national identity from politics.
Retail
How to Sell Americana in 2026
As demand for classic American styles — from cowboy boots to Ivy League prep — booms in the US and abroad, the nation’s 250th anniversary marks a shift in how brands can position themselves in relation to America itself.
How to Sell Americana in 2026
As demand for classic American styles — from cowboy boots to Ivy League prep — booms in the US and abroad, the nation’s 250th anniversary marks a shift in how brands can position themselves in relation to America itself.
Retail
Saks Global Exits Bankruptcy and Rebrands to Exemplar Luxury Group
The new corporate identity is meant to signal a new chapter for the retailer and hold the retailer accountable to a higher standard of partnership to brands, consumers and its employees, said CEO Geoffroy van Raemdonck.
Saks Global Exits Bankruptcy and Rebrands to Exemplar Luxury Group
The new corporate identity is meant to signal a new chapter for the retailer and hold the retailer accountable to a higher standard of partnership to brands, consumers and its employees, said CEO Geoffroy van Raemdonck.
Retail
Reformation Files for IPO, Touting 20 Straight Quarters of Double-Digit Growth
The direct-to-consumer pioneer is heading to Wall Street after surpassing $500 million in annual sales, betting investors will embrace a profitable premium fashion brand.
Reformation Files for IPO, Touting 20 Straight Quarters of Double-Digit Growth
The direct-to-consumer pioneer is heading to Wall Street after surpassing $500 million in annual sales, betting investors will embrace a profitable premium fashion brand.
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Retail
The Debrief | Why Activewear Consumers Are Looking Beyond Lululemon
As growth slows across activewear, brands like Set Active, 437 and Oner Active are gaining momentum with a new generation of consumers. The Debrief examines what's driving their rise and what it means for category leaders Nike and Lululemon.
The Debrief | Why Activewear Consumers Are Looking Beyond Lululemon
As growth slows across activewear, brands like Set Active, 437 and Oner Active are gaining momentum with a new generation of consumers. The Debrief examines what's driving their rise and what it means for category leaders Nike and Lululemon.
Retail
Can Isaac Mizrahi Make Target Cool Again?
The big box retailer’s reunion with the designer who defined the ‘Tar-zhay’ era will need to deliver more than nostalgia to reignite demand for its apparel offering.
Can Isaac Mizrahi Make Target Cool Again?
The big box retailer’s reunion with the designer who defined the ‘Tar-zhay’ era will need to deliver more than nostalgia to reignite demand for its apparel offering.
Retail
The TikTok-Savvy Activewear Brands Stealing Market Share
A crop of small but emerging brands is capitalising on demand for novelty in the category, using TikTok-savvy marketing and a lifestyle-driven position to chip away at the dominance of established players like Lululemon.
The TikTok-Savvy Activewear Brands Stealing Market Share
A crop of small but emerging brands is capitalising on demand for novelty in the category, using TikTok-savvy marketing and a lifestyle-driven position to chip away at the dominance of established players like Lululemon.
Retail
America’s K-Shaped Market May Not Be What It Seems
The recent success of retailers from Coach to Zara may be powered by the surprising resilience of America’s middle class, many of whom have moved up, not down, the economic ladder.
America’s K-Shaped Market May Not Be What It Seems
The recent success of retailers from Coach to Zara may be powered by the surprising resilience of America’s middle class, many of whom have moved up, not down, the economic ladder.
The News in Brief
Aritzia Buys Fred Segal IP and Plans to Revive Melrose Avenue Flagship
Aritzia plans to revitalise the store and its famous ivy-covered façade, transforming it into a renewed multibrand lifestyle destination.
EBay Acquires Depop from Etsy for $1.2 Billion
With the purchase, the e-commerce giant is gaining a critical foothold with younger shoppers and will expand its share in luxury resale.
Saks Global to Close Nine Stores
The move follows the company’s announcement last week to shutter its off-price business, Saks Off Fifth.
FWRD Names Rosie Huntington-Whiteley as Fashion Director
The Revolve-owned retailer is doubling down on its celebrity-led strategy, adding Huntington-Whiteley to its executive ranks as it looks to widen its lead in the luxury e-tail market.
Frasers Group Acquires Majority Stake in The Webster
The specialty retailer, which has 13 locations across North America, will continue to operate as a standalone business.
Vestiaire Collective Chief Executive Max Bittner Exits
CFO Bernard Osta, a former investment banker who joined the resale platform in 2021, will step into the top job, effective immediately.
Report: Saks Global to Sell $1 Billion Stake in Bergdorf Goodman
The retailer is seeking an investor to take on 49 percent of the New York luxury retailer, according to the Wall Street Journal. Proceeds will go towards easing a heavy debt load less than a year after acquiring Neiman Marcus.