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Retail

Report: Selfridges Held Talks to Spin Out its Online Luxury Websites

https://www.bloomberg.com/news/articles/2021-11-05/selfridges-considered-carve-out-of-e-commerce-business

Retail

Does the E-Commerce Spinoff Make Sense?

This week, Saks Fifth Avenue’s online arm appeared to be headed for a $6 billion IPO while an activist investor pushed Macy’s to follow suit and spin off its own e-commerce unit. But splitting up online and offline businesses, while tempting in the short-term, may be detrimental to long-term value creation.

Marketing

Neiman Marcus ‘Reintroduces’ Itself to Customers In New Campaign

The American department store, which emerged from bankruptcy in 2020, is intent on convincing shoppers it is the premiere retail destination as people reenter the world.

Retail

What’s Next for Nordstrom

In The Week Ahead, we examine Nordstrom’s plans for 2021, the final rounds of bidding for Topshop and other Arcadia brands, plus a new documentary about the artificial world of influencers.

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Retail

Bloomingdale’s Bid to Keep Covid From Stealing Christmas

At a time when retailers usually try to lure shoppers with festive music and decorations, the luxury department store has amped up its website and — in a very out-of-character move — plans to drive traffic through flash sales.

Retail

J.C. Penney Nears Rescue Deal with Simon Property Group and Brookfield

If the deal falls apart, J.C. Penney would be on course for liquidation.

Retail

Neiman Marcus Seeks $55 Million From Nemesis Marble Ridge

The retailer is seeking a temporary restraining order and compensation for alleged damages caused by the firm after Marble Ridge’s money manager Dan Kamensky was accused of trying to manipulate the bidding process in its bankruptcy case.

China

Why Aren’t More Chinese Department Stores Going Bankrupt?

While consolidation continues in China’s department store sector, the pandemic hasn’t dramatically hastened store closures and bankruptcies the way it has in the US. What’s their secret?

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Retail

Hudson's Bay Company Reportedly Scraps Financing Plan

The owner of Saks Fifth Avenue dropped plans to raise up to $900 million in debt after prospective investors requested a higher interest rate than the company was willing to pay, sources said.

Retail

Debenhams Appoints Advisers as It Plans for Possible Liquidation

The struggling department store chain said it would cut a further 2,500 jobs, while taking 'all necessary steps' to give the business every chance of a viable future.

News & Analysis

Sweatpants Forever: How the Fashion Industry Collapsed

"Even before the pandemic, the whole fashion industry had started to unravel. What happens now that no one has a reason to dress up?"

Retail

Lord & Taylor Files for Bankruptcy

Fashion start-up Le Tote Inc., which also filed for Chapter 11, bought the rights to the company’s stores, brand and e-commerce site from Hudson’s Bay Co. for $71 million last year.

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