Asos Names Law Roach ‘Stylist in Residence’
Online fashion retailer Asos has brought on celebrity stylist Law Roach to bring his creative lens and styling approach to its campaigns and recently relaunched magazine.
department-stores
Financial Markets
Neiman Marcus Sees Key Sales Figure Rise for First Time in Two Years
The figure includes a 14 percent increase in online sales, which now account for about one-third of total sales.
Neiman Marcus Sees Key Sales Figure Rise for First Time in Two Years
The figure includes a 14 percent increase in online sales, which now account for about one-third of total sales.
Retail
J.C. Penney's Same-Store Sales Beat Estimates
The department store chain said third-quarter comparable sales rose 1.7 percent, better than the 0.6 to 0.8 percent rise it had forecast last month.
J.C. Penney's Same-Store Sales Beat Estimates
The department store chain said third-quarter comparable sales rose 1.7 percent, better than the 0.6 to 0.8 percent rise it had forecast last month.
Retail
Nordstrom Sales Hurt by Hurricanes
The department store said the natural disasters would likely hurt full-year sales by $26 million.
Nordstrom Sales Hurt by Hurricanes
The department store said the natural disasters would likely hurt full-year sales by $26 million.
Retail
Hudson's Bay Gets 'Unsolicited' Offer for Galeria Kaufhof
HBC reported Karstadt owner Signa has put in an "an incomplete, non-binding and unsolicited offer" to buy its main European asset, German department-store chain Galeria Kaufhof.
Hudson's Bay Gets 'Unsolicited' Offer for Galeria Kaufhof
HBC reported Karstadt owner Signa has put in an "an incomplete, non-binding and unsolicited offer" to buy its main European asset, German department-store chain Galeria Kaufhof.
Retail
Russia’s Luxury Market on the Mend
The country’s luxury market has recovered after two difficult years, helped mainly by domestic demand and rising sales to tourists, which will get a boost from a ‘tax-free’ scheme scheduled to come into force around February next year.
Russia’s Luxury Market on the Mend
The country’s luxury market has recovered after two difficult years, helped mainly by domestic demand and rising sales to tourists, which will get a boost from a ‘tax-free’ scheme scheduled to come into force around February next year.
Retail
What American Department Stores Can Learn From the Success of Selfridges
The British retailer reported record results last year, with double-digit increases in both sales and operating profits.
What American Department Stores Can Learn From the Success of Selfridges
The British retailer reported record results last year, with double-digit increases in both sales and operating profits.
Retail
JC Penney Shares Tumble 25 Percent
The company's stock drop followed its prediction of losses in the third quarter, renewing the sense that department stores are losing ground to e-commerce.
JC Penney Shares Tumble 25 Percent
The company's stock drop followed its prediction of losses in the third quarter, renewing the sense that department stores are losing ground to e-commerce.
Retail
Nordstrom Doubles Down on Discount Format
As retail woes deepen, the department store chain looks to revive what was once its long-time bright spot: Nordstrom Rack.
Nordstrom Doubles Down on Discount Format
As retail woes deepen, the department store chain looks to revive what was once its long-time bright spot: Nordstrom Rack.
Retail
Nordstrom Ramps Up Holiday Hiring Despite Slump
The department-store chain, which halted its search for a buyout partner earlier this month, looks to hire 13,650 workers to help meet seasonal demand.
Nordstrom Ramps Up Holiday Hiring Despite Slump
The department-store chain, which halted its search for a buyout partner earlier this month, looks to hire 13,650 workers to help meet seasonal demand.
Retail
Hudson Bay Company’s Richard Baker Speaks on Latest Strategic Move
The Canadian retail-real estate group’s mastermind explains why selling the historic Lord & Taylor building to WeWork Property Advisors, combined with an equity investment, will free up the company to continue executing its ‘transformation plan.'
Hudson Bay Company’s Richard Baker Speaks on Latest Strategic Move
The Canadian retail-real estate group’s mastermind explains why selling the historic Lord & Taylor building to WeWork Property Advisors, combined with an equity investment, will free up the company to continue executing its ‘transformation plan.'
Retail
Hudson's Bay Sells Lord & Taylor Building to WeWork to Cut Debt
WeWork will pay $850 million for the Fifth Avenue flagship, as the Canadian retail group faces pressure from investors to cut debt.
Hudson's Bay Sells Lord & Taylor Building to WeWork to Cut Debt
WeWork will pay $850 million for the Fifth Avenue flagship, as the Canadian retail group faces pressure from investors to cut debt.
Retail
Activist Investor May Seek Removal of Hudson's Bay Company Directors
Jonathan Litt continues to push for change at the Canadian department store group, announcing he may seek the removal of several directors following the recent departure of the CEO.
Activist Investor May Seek Removal of Hudson's Bay Company Directors
Jonathan Litt continues to push for change at the Canadian department store group, announcing he may seek the removal of several directors following the recent departure of the CEO.
The News in Brief
Boohoo’s New Chairman Stirs Controversy as Broker Drops Coverage
The online clothing retailer, which rebranded as Debenhams Group last year, said Friday that Iain McDonald had taken over from Tim Morris with immediate effect in a move aimed at ‘rebuilding equity value.’
Luxury Perfume Line Roja London Acquired by Extravaganza Beauty
Master perfumer and founder Roja Dove will remain with the brand in a new consultancy role.
UK Retail Sales Bounce Back With 0.5% Gain in August
Warm weather and a brighter national mood helped lift spending on clothing and household goods despite rising energy bills.
EssilorLuxottica Gets Rare Sell Call Amid Stock Slump, AI Glasses Concerns
Shares in the eyewear giant, one of Europe's best-rated blue chips, have dropped 55 percent since November, while concerns are mounting over slowing growth and privacy issues for its AI glasses with Meta.
Olaplex Names New CEO
Christoph Kaul will succeed Amanda Baldwin, who led the hair care label through its acquisition by Henkel earlier this year.
Perelel Expands C-Suite, Tapping Rare Beauty’s CMO
Known for its prenatal vitamins, the wellness label has hired Rare Beauty's Ashley Murphy as its chief marketing officer, while Anjelika Temple moves into the chief creative officer role.
Swiss Watch Exports Grow for Fourth Month, Overcoming US Slump
Exports in August were buoyed by China and Japan, despite a sharp decline in shipments to the US.