Amazon Loses US Court Ban on Perplexity’s AI Shopping Tools
The ruling is the first by a federal appeals court to address whether AI agents acting on behalf of users can legally access online platforms.
department-stores
Retail
Op-Ed | Brits' Post-Brexit Retail Therapy Reels From Inflation
Now that post-referendum reality is starting to bite, there is mounting evidence that Britons are reining in their spending.
Op-Ed | Brits' Post-Brexit Retail Therapy Reels From Inflation
Now that post-referendum reality is starting to bite, there is mounting evidence that Britons are reining in their spending.
Retail
Hudson's Bay Exposes Saks Fifth Avenue Customer Info Online
The company posted information including email addresses and phone numbers for customers at Saks as well as identification codes for products that customers signed up for on wait-lists.
Hudson's Bay Exposes Saks Fifth Avenue Customer Info Online
The company posted information including email addresses and phone numbers for customers at Saks as well as identification codes for products that customers signed up for on wait-lists.
Retail
Report: Activist Investor Starboard Exits Macy's Stock
The move gives Macy's incoming chief executive officer Jeff Gennette more space to execute on the company's turnaround plan.
Report: Activist Investor Starboard Exits Macy's Stock
The move gives Macy's incoming chief executive officer Jeff Gennette more space to execute on the company's turnaround plan.
Retail
A Neiman-Saks Merger Would Create Luxury Empire at Risky Moment
The prospect of unifying Saks Fifth Avenue and Neiman Marcus has brought hope and fear to investors.
A Neiman-Saks Merger Would Create Luxury Empire at Risky Moment
The prospect of unifying Saks Fifth Avenue and Neiman Marcus has brought hope and fear to investors.
Retail
How Neiman Marcus Readied Itself for Potential Sale
The Dallas-based retailer restructured its considerable debt to appeal to buyers after yet another disappointing quarter.
How Neiman Marcus Readied Itself for Potential Sale
The Dallas-based retailer restructured its considerable debt to appeal to buyers after yet another disappointing quarter.
Retail
Op-Ed | China's Backlash Against South Korean Firms Won't Hurt a Bit
No matter how much firms may be hurting now, Chinese fans of K-Pop aren't gone for good.
Op-Ed | China's Backlash Against South Korean Firms Won't Hurt a Bit
No matter how much firms may be hurting now, Chinese fans of K-Pop aren't gone for good.
Retail
Ivanka Trump Backlash Didn’t Hurt Nordstrom
Hundreds of thousands of other posts on social media took sides, with pro-Nordstrom opinions slightly outweighing the negative ones. Either way, the buzz fizzled fast.
Ivanka Trump Backlash Didn’t Hurt Nordstrom
Hundreds of thousands of other posts on social media took sides, with pro-Nordstrom opinions slightly outweighing the negative ones. Either way, the buzz fizzled fast.
Retail
Report: Hudson's Bay's Bid for Macy's Stumbles
Macy's is skeptical that Hudson's Bay can raise the necessary financing for its bid, and it is not currently engaged in any negotiations about a possible deal.
Report: Hudson's Bay's Bid for Macy's Stumbles
Macy's is skeptical that Hudson's Bay can raise the necessary financing for its bid, and it is not currently engaged in any negotiations about a possible deal.
Retail
Is Nordstrom's Off-Price Strategy Hurting Its Mainline Business?
The department store chain’s off-price business is booming — but at what cost?
Is Nordstrom's Off-Price Strategy Hurting Its Mainline Business?
The department store chain’s off-price business is booming — but at what cost?
Retail
J.C. Penney to Shut Up to 140 Stores
The closings represent as much as 14 percent of company’s store base and less than 5 percent of total sales.
J.C. Penney to Shut Up to 140 Stores
The closings represent as much as 14 percent of company’s store base and less than 5 percent of total sales.
Luxury
US Luxury Brands Say Bon Voyage as Europe Regains Glow
It is possible US brands could attract European suitors with stronger performances and higher valuations.
US Luxury Brands Say Bon Voyage as Europe Regains Glow
It is possible US brands could attract European suitors with stronger performances and higher valuations.
Luxury
Should Amazon Challenge Hudson’s Bay for Macy’s?
Hudson’s Bay Company is reported to be in early talks to acquire Macy’s, but an Amazon merger could be a better fit.
Should Amazon Challenge Hudson’s Bay for Macy’s?
Hudson’s Bay Company is reported to be in early talks to acquire Macy’s, but an Amazon merger could be a better fit.
The News in Brief
Report: Abercrombie to Seek Fresh Backers for China Business
The US-listed company is conducting a review of its Chinese assets and may sell a stake in the unit, which could be valued at several hundred million dollars, Bloomberg reported.
Chanel Sales Up 16% in First Half
Chanel’s sales are accelerating after returning to growth last year, Bloomberg reported citing an unnamed source. Beauty sales rose 8 percent.
P&G to Buy Supplement Maker Thorne for $3.8 Billion
Shailesh Jejurikar, chief executive of the American personal care conglomerate, told CNBC it will acquire the line from LVMH-backed private equity firm L Catterton.
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.
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.