Converse CEO Pledges Review Over Ad Critics Say Evoked KKK
The head of Converse promised to review internal processes and told employees he will make any necessary changes in an internal memo seen by Bloomberg.
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
Model Presley Gerber, Cindy Crawford’s Son, Dies Aged 27
The model had spoken publicly about a years-long struggle with depression and addiction.
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.
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.