Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
department-stores
Retail
John Lewis Set to Close Eight Stores and Cut 1,300 Jobs
The move follows as the British department store chain focuses on e-commerce, which is set to represent around 60 to 70 percent of its total sales this year and next.
John Lewis Set to Close Eight Stores and Cut 1,300 Jobs
The move follows as the British department store chain focuses on e-commerce, which is set to represent around 60 to 70 percent of its total sales this year and next.
Retail
Dior's Air Jordans and the Return of Pre-Pandemic Hype
This week, everyone will be talking about the long-delayed release of Dior's Air Jordan sneakers, how the spike in US coronavirus cases affects retail and the path forward for department stores. Get your BoF Professional Cheat Sheet.
Dior's Air Jordans and the Return of Pre-Pandemic Hype
This week, everyone will be talking about the long-delayed release of Dior's Air Jordan sneakers, how the spike in US coronavirus cases affects retail and the path forward for department stores. Get your BoF Professional Cheat Sheet.
Retail
Macy's Raises $4.5 Billion to Shore Up Funds as Stores Reopen
Shares of the company, which also owns Bloomingdale's, surged about 11 percent after the bell.
Macy's Raises $4.5 Billion to Shore Up Funds as Stores Reopen
Shares of the company, which also owns Bloomingdale's, surged about 11 percent after the bell.
Retail
How Harrods Is Solving Its Excess Inventory Problem
Facing an unprecedented volume of unsold goods after weeks of Covid-19 lockdowns, the British department store is launching an outlet at London’s Westfield White City shopping mall.
How Harrods Is Solving Its Excess Inventory Problem
Facing an unprecedented volume of unsold goods after weeks of Covid-19 lockdowns, the British department store is launching an outlet at London’s Westfield White City shopping mall.
Retail
Forty Five Ten's Future Is In Limbo After Cutting Staff and Closing Stores
The multi-brand retailer hasn't announced plans to reopen and is operating with a skeleton crew, weeks after the lockdown was lifted in its home state of Texas.
Forty Five Ten's Future Is In Limbo After Cutting Staff and Closing Stores
The multi-brand retailer hasn't announced plans to reopen and is operating with a skeleton crew, weeks after the lockdown was lifted in its home state of Texas.
Retail
Kohl's Cuts Jennifer Lopez Brand and Other Women's Labels
Kohl's had been struggling in women's apparel even before the pandemic as consumers shifted to online shopping and fast-fashion brands.
Kohl's Cuts Jennifer Lopez Brand and Other Women's Labels
Kohl's had been struggling in women's apparel even before the pandemic as consumers shifted to online shopping and fast-fashion brands.
Financial Markets
Neiman Marcus Creditor Calls for Deal With Saks Fifth Avenue
A letter by the creditor suggests that combining the two luxury retailers would create between $2.8 billion and $4.7 billion of value.
Neiman Marcus Creditor Calls for Deal With Saks Fifth Avenue
A letter by the creditor suggests that combining the two luxury retailers would create between $2.8 billion and $4.7 billion of value.
Financial Markets
J.C. Penney Talks With KKR, Ares, Lenders on Bankruptcy Loan
The plan would be included in a Chapter 11 court filing that could come next week, according to people with knowledge of the matter.
J.C. Penney Talks With KKR, Ares, Lenders on Bankruptcy Loan
The plan would be included in a Chapter 11 court filing that could come next week, according to people with knowledge of the matter.
Beauty
J.C. Penney, Sephora Settle Dispute Over Beauty Boutiques
J.C. Penney is struggling to refinance billions in loans and missed a debt payment last month, although the chain is current on its rent.
J.C. Penney, Sephora Settle Dispute Over Beauty Boutiques
J.C. Penney is struggling to refinance billions in loans and missed a debt payment last month, although the chain is current on its rent.
Retail
Can Neiman Marcus Survive Bankruptcy?
Beyond restructuring its $5 billion of debt, the Dallas-based luxury department store chain still needs to reinvent itself to survive in the long run, experts say.
Can Neiman Marcus Survive Bankruptcy?
Beyond restructuring its $5 billion of debt, the Dallas-based luxury department store chain still needs to reinvent itself to survive in the long run, experts say.
Retail
J.C. Penney Sues to Block Sephora From Closing In-Store Boutiques
Sephora has complained about boutique employees being furloughed during the pandemic and is demanding that all hard surfaces be cleaned with a special electrostatic spray.
J.C. Penney Sues to Block Sephora From Closing In-Store Boutiques
Sephora has complained about boutique employees being furloughed during the pandemic and is demanding that all hard surfaces be cleaned with a special electrostatic spray.
Retail
What Will Stores Look Like When They Reopen?
From luxury drive-throughs to sanitised garments, retail is going to be drastically different from now on.
What Will Stores Look Like When They Reopen?
From luxury drive-throughs to sanitised garments, retail is going to be drastically different from now on.
The News in Brief
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.
Skincare Brand Prequel Appoints C-Suite
The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.
Moncler Group Second-Quarter Sales Rise 5% as Stone Island Brand Outperforms
Stone Island’s strong performance helped offset slower growth at the Moncler brand, as the group continues its push to become less dependent on its iconic winter outerwear.
Mulberry Quarterly Sales Jump 23% as Turnaround Gathers Pace
The British luxury handbag maker reported a strong start to fiscal 2027 as CEO Andrea Baldo’s strategy gains traction and the brand gears up for designer Christopher Kane’s runway debut in September.
Phillip Lim Announces New Brand PlayLoveWin
The designer departed his namesake label 3.1 Phillip Lim in November 2024 to pursue personal projects.