Nivea Maker Beiersdorf Cuts Guidance for 2026, Citing Market Conditions
Beiersdorf trimmed its full-year guidance on Monday on slower-than-expected recovery at its core brand Nivea and other economic headwinds.
department-stores
Retail
Hudson’s Bay Company CEO Jerry Storch Is Leaving
Executive chairman Richard Baker will step in to lead the department store group as it continues on a cost-cutting transformation plan.
Hudson’s Bay Company CEO Jerry Storch Is Leaving
Executive chairman Richard Baker will step in to lead the department store group as it continues on a cost-cutting transformation plan.
Retail
Nordstrom Lenders Demanded Interest Rate the Family Couldn't Pay, Say Sources
Nordstrom's founding family needed roughly $7 billion to take the department store private, with lenders thought to have demanded twice the average borrowing cost for typical retailers.
Nordstrom Lenders Demanded Interest Rate the Family Couldn't Pay, Say Sources
Nordstrom's founding family needed roughly $7 billion to take the department store private, with lenders thought to have demanded twice the average borrowing cost for typical retailers.
Retail
Op-Ed | Wall Street Wisely Makes Nordstrom Wait `Til Next Year
The Nordstrom family intends to pick up where it left off after the holidays, at which point lenders will be able to price debt with a better understanding of how the company's Nordstrom Local experiment is panning out.
Op-Ed | Wall Street Wisely Makes Nordstrom Wait `Til Next Year
The Nordstrom family intends to pick up where it left off after the holidays, at which point lenders will be able to price debt with a better understanding of how the company's Nordstrom Local experiment is panning out.
Retail
Nordstrom Pauses Search for Buyout Partner
The Nordstrom family is no longer actively looking to close on a sale this year but will resume after the holiday season ends.
Nordstrom Pauses Search for Buyout Partner
The Nordstrom family is no longer actively looking to close on a sale this year but will resume after the holiday season ends.
News & Analysis
There's a Glimmer of Hope Amid Neiman Marcus' Sales Decline
"Revenue in the period slipped 0.5 percent, after it had dropped in the mid- to high-single digits over the previous quarters."
There's a Glimmer of Hope Amid Neiman Marcus' Sales Decline
"Revenue in the period slipped 0.5 percent, after it had dropped in the mid- to high-single digits over the previous quarters."
News & Analysis
Nordstrom's Attempt to Go Private Has Stalled Over Financing, Sources Say
"The Nordstrom family is working with private equity firm Leonard Green to provide equity financing on the deal, but it will need bank support for
Nordstrom's Attempt to Go Private Has Stalled Over Financing, Sources Say
"The Nordstrom family is working with private equity firm Leonard Green to provide equity financing on the deal, but it will need bank support for
Technology
Pop-Up Shop Teams With Neiman Marcus to Solve Retail 'Pain Points'
The high-tech 24-hour store in partnership with Marie Claire and Mastercard looks to solve some of the retail industry’s woes.
Pop-Up Shop Teams With Neiman Marcus to Solve Retail 'Pain Points'
The high-tech 24-hour store in partnership with Marie Claire and Mastercard looks to solve some of the retail industry’s woes.
Retail
Neiman Marcus and the Cautionary Tale of Toys R Us
The decline of the debt-laden American toy store chain does not bode well for the luxury department store giant.
Neiman Marcus and the Cautionary Tale of Toys R Us
The decline of the debt-laden American toy store chain does not bode well for the luxury department store giant.
Retail
Kohl's Teams Up With Amazon in Bid to Drive Traffic to Stores
The retailer will open 1,000-square-foot Amazon areas in 10 of its locations, offering gadgets like the Echo device and the Fire tablet.
Kohl's Teams Up With Amazon in Bid to Drive Traffic to Stores
The retailer will open 1,000-square-foot Amazon areas in 10 of its locations, offering gadgets like the Echo device and the Fire tablet.
Retail
Galeries Lafayette Acquires Majority Stake in La Redoute
Through its holding company Motier, the French luxury department store is acquiring a 51 percent stake in La Redoute, with the goal of acquiring the entire business in the future.
Galeries Lafayette Acquires Majority Stake in La Redoute
Through its holding company Motier, the French luxury department store is acquiring a 51 percent stake in La Redoute, with the goal of acquiring the entire business in the future.
Retail
Hudson's Bay Jumps on Report It's Reviewing Strategic Options
The company, which has already hired an investment bank in response to pressure from activist shareholder Land & Buildings, plans to hire an additional financial adviser to conduct the review, according to a new report.
Hudson's Bay Jumps on Report It's Reviewing Strategic Options
The company, which has already hired an investment bank in response to pressure from activist shareholder Land & Buildings, plans to hire an additional financial adviser to conduct the review, according to a new report.
Retail
Macy's Gains After Naming eBay Executive as President
Macy’s rose after naming former eBay senior VP Hal Lawton as president, bringing in an executive with an extensive technology background to the struggling department store giant.
Macy's Gains After Naming eBay Executive as President
Macy’s rose after naming former eBay senior VP Hal Lawton as president, bringing in an executive with an extensive technology background to the struggling department store giant.
The News in Brief
Soshe Launches at Ulta Beauty
The refillable clean makeup brand will enter the complexion category as it makes its debut across over 700 Ulta Beauty doors.
Shein Said to Weigh Cost Reset for Late Backers Before IPO
The retailer is considering lowering the investment cost for late backers who came in at a valuation of up to $64 billion as it prepares to list at a much lower value, people familiar with the matter said.
GLP-1 and Cosmeceutical Skincare Usage Spike Bathroom Mini Fridge Demand
As shoppers incorporate weight-loss drugs and more sophisticated skincare into their daily routines, a cottage industry is growing.
The Met’s Next Fashion Blockbuster Will Spotlight Galliano
The fashion icon, as famous for his singular talent as a scandal that cost him one of the industry’s top jobs, will become one of only three living designers to get a major solo exhibition at the museum.
Abbvie Earnings Beat Estimates as Botox Shows Signs of Revival
Abbvie reported second quarter profit and sales that topped expectations, driven by strong demand across its immunology and neuroscience franchises and further signs of a recovery in Botox.
Puma Results Show Progress on Turnaround
The German sports brand posted a narrower loss in the second quarter as it pushed ahead with an effort to restore growth next year.
DSM-Firmenich’s Fragrance-Led Core Profit Beat Sends Shares Higher
DSM-Firmenich beat market expectations for second-quarter core earnings, said full-year sales growth should reach the upper end of its target range on the back of broad-based volume growth.