Shein Discloses FTC Probe in US, Warns of Significant Payments
According to documents the ultra-fast-fashion company filed in connection with its planned Hong Kong IPO, Shein is cooperating with the investigation and could face significant fines.
department-stores
Retail
Saks Fifth Avenue Hits Back at Cartier with $55 Million Countersuit
The department store argues that it's justified in moving Cartier to the basement of its New York flagship, and denies ever assuring the fine jewellery brand that it could keep its ground floor boutique.
Saks Fifth Avenue Hits Back at Cartier with $55 Million Countersuit
The department store argues that it's justified in moving Cartier to the basement of its New York flagship, and denies ever assuring the fine jewellery brand that it could keep its ground floor boutique.
Financial Markets
Neiman Marcus Bondholder Says Company May Be in Default
Investors announced the news after the department store company moved its MyTheresa business into an entity belonging to the retailer's private equity owners.
Neiman Marcus Bondholder Says Company May Be in Default
Investors announced the news after the department store company moved its MyTheresa business into an entity belonging to the retailer's private equity owners.
Retail
John Lewis Profits Evaporate as Struggling Rivals Slash Prices
The group said profit before one-off items slumped 99 percent in first half of 2018, hit by its stores' pledge to match prices at rivals.
John Lewis Profits Evaporate as Struggling Rivals Slash Prices
The group said profit before one-off items slumped 99 percent in first half of 2018, hit by its stores' pledge to match prices at rivals.
Retail
Saks Off 5th Wants in on the Discount Retail Boom
Hudson’s Bay is trying to turn around its discount chain, after it reported falling same-store sales for the seventh time in the past eight quarters.
Saks Off 5th Wants in on the Discount Retail Boom
Hudson’s Bay is trying to turn around its discount chain, after it reported falling same-store sales for the seventh time in the past eight quarters.
Retail
Debenhams Shares Rise After Speculations of Merge with House of Fraser
Shares in Debenhams rose after an outgoing director of Sports Direct said theboard had discussed combining the department store group with House of Fraser.
Debenhams Shares Rise After Speculations of Merge with House of Fraser
Shares in Debenhams rose after an outgoing director of Sports Direct said theboard had discussed combining the department store group with House of Fraser.
Retail
Debenhams Is Not Pursuing Store Restructuring
The British retailer said that while major store closures were an option, the company was not actively pursuing this route.
Debenhams Is Not Pursuing Store Restructuring
The British retailer said that while major store closures were an option, the company was not actively pursuing this route.
Retail
Hudson's Bay and Signa Holding Merge Two German Department Store Chains
The move comes as the department store chains seek to respond to fierce competition from e-commerce players.
Hudson's Bay and Signa Holding Merge Two German Department Store Chains
The move comes as the department store chains seek to respond to fierce competition from e-commerce players.
Retail
Macy's Posts Same-Store Sales Growth
The department store chain reported a surprise rise in quarterly same-store sales, topping estimates for the third straight quarter.
Macy's Posts Same-Store Sales Growth
The department store chain reported a surprise rise in quarterly same-store sales, topping estimates for the third straight quarter.
Retail
Sports Direct Says It Will Keep Most House of Fraser Stores Open
The aim is to keep at least 80 percent of the stores open after Sports Direct rescued House of Fraser from near collapse last week.
Sports Direct Says It Will Keep Most House of Fraser Stores Open
The aim is to keep at least 80 percent of the stores open after Sports Direct rescued House of Fraser from near collapse last week.
Retail
House of Fraser's Future in Doubt After C.Banner Cancels Fundraising
The UK-based department store chain said talks about other possible sources of investment were ongoing, and that an update would be given when appropriate.
House of Fraser's Future in Doubt After C.Banner Cancels Fundraising
The UK-based department store chain said talks about other possible sources of investment were ongoing, and that an update would be given when appropriate.
Retail
Macy's and Kohl's Debt Strengthened on Prime Day
The stores offered their own sales to compete with Amazon's discounting frenzy, but the online giant's server glitches may have also provided a boost.
Macy's and Kohl's Debt Strengthened on Prime Day
The stores offered their own sales to compete with Amazon's discounting frenzy, but the online giant's server glitches may have also provided a boost.
Retail
Hudson's Bay Drops Ivanka Trump's Brand Due to Weak Performance
The Toronto-based company, which also owns Saks Fifth Avenue and Lord & Taylor, will phase out the brand at its namesake chain and website this fall, a spokeswoman said in a statement Friday.
Hudson's Bay Drops Ivanka Trump's Brand Due to Weak Performance
The Toronto-based company, which also owns Saks Fifth Avenue and Lord & Taylor, will phase out the brand at its namesake chain and website this fall, a spokeswoman said in a statement Friday.
The News in Brief
Frasers Group Takes a Position in Burberry
The billionaire Mike Ashley’s investment arm disclosed Tuesday it holds an interest worth a potential 4.2 percent of the voting rights in Burberry.
EssilorLuxottica Beats Forecasts, AI Glasses and Myopia Products Drive Growth
The Franco-Italian eyewear maker reported a 15 percent rise in first-half profit, beating expectations, while revenue growth was driven by strong demand for AI-enabled glasses myopia products.
Whoop Names Kyle Leahy Chief Commercial Officer
Leahy joins the wearables brand from Glossier, where she was chief executive for three years.
Chinese Jeweller Laopu Gold’s Shares Drop on Growth Outlook
The jeweller lost $2.1 billion in market value after forecasting first-half 2026 revenue growth of up to 66 percent, a sharp slowdown from last year that unsettled investors in one of China’s most viral consumer brands.
Unilever Lifts Outlook on Strongest Volume Growth in Over A Decade
Unilever upgraded its annual forecast on Tuesday, as consumers reached for brands like Vaseline and Dove despite household budget concerns stemming from the Iran war.
J&J to Pay $5.5 Billion to Settle Talc-Related Cancer Claims
Johnson & Johnson on Monday said it agreed to a $5.5 billion commitment to resolve years of litigation related to claims that its talc products caused ovarian cancer.
Lenzing Closes UK, Austria Sites in Turnaround Bid
The closures are the latest in a series of cost-cutting and refinancing measures at the textile maker, which has faced headwinds from competition in China and India.