Eli Lilly to Offer Early Access to Next-Gen Obesity Drug to Some Patients
Eli Lilly said on Monday it would allow a limited number of patients to have early access to its experimental obesity drug, retatrutide, before its US FDA approval.
department-stores
Retail
Hudson's Bay Shares Drop on Disappointing Sales
Shares in the department store chain owner fell by more than 6 percent after it reported disappointing quarterly same-store sales figures, hurt by fewer customers shopping in its stores.
Hudson's Bay Shares Drop on Disappointing Sales
Shares in the department store chain owner fell by more than 6 percent after it reported disappointing quarterly same-store sales figures, hurt by fewer customers shopping in its stores.
Retail
US Retail Sales Rebound in April
The rise in retail sales indicates that the struggles of large retail chains, such as Macy's and J.C. Penney's, reflect changes in consumer buying patterns rather than broader economic weakness.
US Retail Sales Rebound in April
The rise in retail sales indicates that the struggles of large retail chains, such as Macy's and J.C. Penney's, reflect changes in consumer buying patterns rather than broader economic weakness.
Retail
J.C. Penney Joins Fellow Department Stores in Retail Malaise
Same-store sales at J.C. Penney fell by 3.5 percent last quarter, and follow the disappointing results from its rivals Macy’s Inc. and Kohl’s Corp., as well as upscale players like Nordstrom Inc.
J.C. Penney Joins Fellow Department Stores in Retail Malaise
Same-store sales at J.C. Penney fell by 3.5 percent last quarter, and follow the disappointing results from its rivals Macy’s Inc. and Kohl’s Corp., as well as upscale players like Nordstrom Inc.
Luxury
Nordstrom Shares Slip as It Fails to Avoid Retail Slump
The upmarket department store chain is suffering from sluggish store traffic and consumers’ growing preference to buy online.
Nordstrom Shares Slip as It Fails to Avoid Retail Slump
The upmarket department store chain is suffering from sluggish store traffic and consumers’ growing preference to buy online.
Retail
Op-Ed | Macy's Downfall Doesn't Spell Doom for All of Retail
Macy's shares tumbled Thursday after the department store chain reported sales had fallen in the first quarter from a year earlier, the ninth such quarterly decline in a row.
Op-Ed | Macy's Downfall Doesn't Spell Doom for All of Retail
Macy's shares tumbled Thursday after the department store chain reported sales had fallen in the first quarter from a year earlier, the ninth such quarterly decline in a row.
Retail
Macy's Shares Tumble After Weak Quarterly Sales
New chief executive officer Jeff Gennette faces declining foot traffic in malls, race-to-the-bottom discounts among his competition, and a shrinking customer base.
Macy's Shares Tumble After Weak Quarterly Sales
New chief executive officer Jeff Gennette faces declining foot traffic in malls, race-to-the-bottom discounts among his competition, and a shrinking customer base.
Retail
Kohl's Profits Helped by Lower Costs, Leaner Inventory
The department store reported a better-than-expected quarterly profit, helped by lower costs and a leaner inventory amid a tough retail environment.
Kohl's Profits Helped by Lower Costs, Leaner Inventory
The department store reported a better-than-expected quarterly profit, helped by lower costs and a leaner inventory amid a tough retail environment.
Retail
Sears CEO Blames Company Woes on 'Irresponsible' Media
Sears warned investors in March there was a chance it may not be able to continue after years of losses and declining sales. Its CEO Edward Lampert blamed its woes on news coverage that he said had been "deliberately unfair."
Sears CEO Blames Company Woes on 'Irresponsible' Media
Sears warned investors in March there was a chance it may not be able to continue after years of losses and declining sales. Its CEO Edward Lampert blamed its woes on news coverage that he said had been "deliberately unfair."
Retail
Report: Hudson's Bay Taps Debt Adviser To Review Neiman Marcus Bid
The move is the clearest indication yet that Neiman Marcus' $4.7 billion debt pile poses significant challenges to a merger with Hudson's Bay.
Report: Hudson's Bay Taps Debt Adviser To Review Neiman Marcus Bid
The move is the clearest indication yet that Neiman Marcus' $4.7 billion debt pile poses significant challenges to a merger with Hudson's Bay.
Retail
News Bites | Serena Rees' New Label, Goop to Pop-Up at Nordstrom
In today's News Bites, Agent Provocateur co-founder Serena Rees announces her new gender-fluid fashion brand, Les Girls Les Boys, and Goop's pop-up stores head to Nordstrom.
News Bites | Serena Rees' New Label, Goop to Pop-Up at Nordstrom
In today's News Bites, Agent Provocateur co-founder Serena Rees announces her new gender-fluid fashion brand, Les Girls Les Boys, and Goop's pop-up stores head to Nordstrom.
Retail
Macy's and Tailored Brands Ends Tuxedo Rental Partnership
Both companies have agreed to wind down operations of a tuxedo rental license agreement, after the initiative did not generate the revenue that they had envisioned.
Macy's and Tailored Brands Ends Tuxedo Rental Partnership
Both companies have agreed to wind down operations of a tuxedo rental license agreement, after the initiative did not generate the revenue that they had envisioned.
News & Analysis
The Department Store Loss Is Off-Price’s Gain
"T.J. Maxx and Burlington could snag $1 billion from Macy’s and JCPenney closures."
The Department Store Loss Is Off-Price’s Gain
"T.J. Maxx and Burlington could snag $1 billion from Macy’s and JCPenney closures."
The News in Brief
India’s Nykaa Posts Higher Quarterly Profit on Strong Beauty Demand, Fashion Growth
India’s FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, reported a more than three-fold rise in quarterly profit on Tuesday, boosted by strong growth in its beauty business and a sharp acceleration in fashion sales.
Ferragamo Returns to Profit as Relaunch Strategy Advances
The Italian luxury brand swung to a net profit for the first half after growing sales in the second quarter, with turnaround efforts particularly evident in its directly owned shops.
Shein Seeks $30 Billion to $40 Billion Valuation for August IPO, Sources Say
The valuation target marks a dramatic reset for Shein, which plans to launch its IPO as early as mid-August, three people familiar with the matter said.
Zalando Narrows Profit Outlook, Sees Growth at Lower End of Range
The online fashion retailer said 2026 revenue and growth will land in the lower half of its previously guided range and narrowed its adjusted operating profit outlook.
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.
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.