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The Business of Fashion

department-stores

News & Analysis

Neiman Marcus Blames Fashion Bloggers for Its Sales Woes

"For years, Neiman Marcus thrived on the demand for haute couture. But now the luxury department store says the quicker speed with which a hot runway

Retail

With Gilt, Hudson’s Bay Company Bets Big on Off-Price

Nearly nine months after its acquisition of the flash-sales pioneer, president Jonathan Greller, chief merchant Kristen Sosa and HBC chief executive Jerry Storch discuss how Gilt Groupe fits into the company’s greater strategy.

Retail

Department Stores Battle for Manhattan

America’s luxury department stores are betting big on the buoyancy of the New York market. But is there space for everyone?

Retail

Inside the Reinvention of Saks Fifth Avenue

Can the 92-year-old department store win back high-spending shoppers after years of inching downmarket?

Retail

A Wave of Consolidation Continues in Flash Sales Sector

Galeries Lafayette is the latest in a string of department stores investing in private sales sites as a means of strengthening omnichannel offerings.

Retail

Michael Kors, Ralph Lauren Hit Hard by Stores’ Discounting Binge

As retailers rely more heavily on promotions to drive traffic, Michael Kors Holdings Ltd. and Ralph Lauren Corp. have been two of the biggest victims.

Retail

Macy’s Hires Toys ‘R’ Us Executive Lennox as Marketing Chief

Macy’s Inc. hired Richard Lennox, bringing in a department-store industry newcomer to help the chain rebrand itself in a changing retail environment.

China

Wal-Mart Steps Up Online Efforts in China as a Key to Future

Wal-Mart's tiny warehouse in eastern Shanghai doesn't look like much. But it's a key part of the company's strategy to win over grocery customers in China who are fast heading online.

Retail

Goldman Sachs Banker Flagged BHS Suitor had History of Bankruptcy

Retail tycoon Philip Green's Arcadia group was warned by a senior Goldman Sachs banker that a possible suitor of its BHS department store chain had a history of bankruptcy, MPs were told on Monday.

Retail

Why American Department Stores Are ‘Broken’

Struggling American department stores still place the biggest orders, but increasingly rely on markdowns to drive foot traffic and sales, resulting in a vicious cycle with ramifications across the industry.

Retail

Why Americans Aren't Shopping

Unemployment is down, gas is cheap and interest rates remain low. So why is American retail suffering?

Retail

Philip Green Hits Out at UK Pensions Regulator over BHS Sale

Retail tycoon Philip Green has said the head of Britain's Pension Regulator was "incorrect" when she told lawmakers earlier that the media reported he was selling department store BHS before he informed her.

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