Next Upgrades Profit Outlook Again on Strong Summer Spending
The UK retailer said it benefited from sunny weather and the release of some “pent-up demand” in the Middle East and northern Europe.
department-stores
Retail
Trump Slams Nordstrom for Dropping Daughter Ivanka’s Brand
Nordstrom said last week that it would stop selling Ivanka Trump’s brand this season, citing poor sales.
Trump Slams Nordstrom for Dropping Daughter Ivanka’s Brand
Nordstrom said last week that it would stop selling Ivanka Trump’s brand this season, citing poor sales.
Retail
Daniella Vitale Named CEO of Barneys New York
In a long-expected succession plan, chief executive Mark Lee has been named executive chairman, reporting to Richard Perry.
Daniella Vitale Named CEO of Barneys New York
In a long-expected succession plan, chief executive Mark Lee has been named executive chairman, reporting to Richard Perry.
Retail
A Day of Reckoning for American Department Stores?
2017 could bring a final judgment for some of America’s biggest department store players, which have long faced serious headwinds.
A Day of Reckoning for American Department Stores?
2017 could bring a final judgment for some of America’s biggest department store players, which have long faced serious headwinds.
Luxury
Kors vs. Coach: Which is Best Positioned to Buy Kate Spade?
Two of Kate Spade’s biggest competitors are reportedly considering buying the accessible luxury brand. Which is likely to win — and should either of them be bidding in the first place?
Kors vs. Coach: Which is Best Positioned to Buy Kate Spade?
Two of Kate Spade’s biggest competitors are reportedly considering buying the accessible luxury brand. Which is likely to win — and should either of them be bidding in the first place?
Retail
US Department Stores Steady Profitability — Even as Sales Slide
US department store chains have used layoffs, store closings and cutbacks to maintain one aspect of stability: profit margins.
US Department Stores Steady Profitability — Even as Sales Slide
US department store chains have used layoffs, store closings and cutbacks to maintain one aspect of stability: profit margins.
Retail
Saks Fifth Avenue Owner HBC Plummets After Cutting Forecast
The company now expects sales of C$14.4 billion ($10.9 billion) to C$14.6 billion this fiscal year.
Saks Fifth Avenue Owner HBC Plummets After Cutting Forecast
The company now expects sales of C$14.4 billion ($10.9 billion) to C$14.6 billion this fiscal year.
Retail
Macy’s Inc: The Slow Death of an American Icon
Macy’s needs more of the ‘magic’ the company touts in its tagline if the department store chain is to survive.
Macy’s Inc: The Slow Death of an American Icon
Macy’s needs more of the ‘magic’ the company touts in its tagline if the department store chain is to survive.
Retail
J.C. Penney Holiday Sales Drop 0.8 percent, Shares Slide
J.C. Penney Co Inc said same-store sales for November and December fell 0.8 percent, blaming a weak start to the holiday selling season.
J.C. Penney Holiday Sales Drop 0.8 percent, Shares Slide
J.C. Penney Co Inc said same-store sales for November and December fell 0.8 percent, blaming a weak start to the holiday selling season.
Retail
US Department Store Challenges Fail to Rattle Some Investors
Weak holiday sales by some US department stores have reignited fears that the sector may never recover its growth levels of the past, but some investors are holding out hope for a longer-term recovery.
US Department Store Challenges Fail to Rattle Some Investors
Weak holiday sales by some US department stores have reignited fears that the sector may never recover its growth levels of the past, but some investors are holding out hope for a longer-term recovery.
Retail
Department Stores Losing Market Share in Beauty, Too
Beauty and cosmetics were once considered Amazon-proof traffic-drivers to department stores, as beauty companies had long-term deals with stores, rarely discounted their products, and barely sold their goods online. No longer.
Department Stores Losing Market Share in Beauty, Too
Beauty and cosmetics were once considered Amazon-proof traffic-drivers to department stores, as beauty companies had long-term deals with stores, rarely discounted their products, and barely sold their goods online. No longer.
Retail
Can Fred Segal Reclaim Its Southern-California Cool?
The iconic retailer is aiming to win back its cachet with a new West Hollywood location. But is it too late?
Can Fred Segal Reclaim Its Southern-California Cool?
The iconic retailer is aiming to win back its cachet with a new West Hollywood location. But is it too late?
China
How Tsum’s Bet on Chinese Tourists Beat the Russian Recession
Tsum’s chief executive Alexander Pavlov explains how ‘red tourism’ from China and quick-response pricing strategies helped boost sales at the Russian department store by 40 percent.
How Tsum’s Bet on Chinese Tourists Beat the Russian Recession
Tsum’s chief executive Alexander Pavlov explains how ‘red tourism’ from China and quick-response pricing strategies helped boost sales at the Russian department store by 40 percent.
The News in Brief
Shiseido’s Profits Recover In First Half Amid Turnaround
Growth turned positive in the second quarter, driven by key regions like the Americas, as the Japanese giant executes its yearlong restructuring plan.
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.
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.
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.