Lululemon Senior Executive Exits in Third Recent Departure
The top communications officer at the company is leaving, adding to the list of executives departing ahead of CEO Heidi O’Neill’s arrival.
Stores
Primark’s Fast-Fashion Crown Slips With Shoppers Lured to Shein
The retailer is battling against competitors offering even lower prices online while also contending with economic conditions hurting retailers across the UK and Europe.
Primark’s Fast-Fashion Crown Slips With Shoppers Lured to Shein
The retailer is battling against competitors offering even lower prices online while also contending with economic conditions hurting retailers across the UK and Europe.
In the Fight for Early Payouts From Bankrupt Saks, Big Luxury Brands Have the Edge
The embattled luxury department store is ‘absolutely dependent’ on companies like Chanel, LVMH and Kering, who could ‘suffocate’ the retailer if they stopped shipping, Reuters reported.
In the Fight for Early Payouts From Bankrupt Saks, Big Luxury Brands Have the Edge
The embattled luxury department store is ‘absolutely dependent’ on companies like Chanel, LVMH and Kering, who could ‘suffocate’ the retailer if they stopped shipping, Reuters reported.
How The Knightsbridge Estate Is Evolving Its Retail Mix For the Modern Consumer
The 3.5-acre mixed-use estate in the affluent West London district is enhancing its retail and public-realm experience. BoF sits down with The Knightsbridge Estate’s Tom Woolven to discuss how changing consumer behaviour is informing the estate’s development and its curated mix of luxury, premium, lifestyle and wellness brands.
How The Knightsbridge Estate Is Evolving Its Retail Mix For the Modern Consumer
The 3.5-acre mixed-use estate in the affluent West London district is enhancing its retail and public-realm experience. BoF sits down with The Knightsbridge Estate’s Tom Woolven to discuss how changing consumer behaviour is informing the estate’s development and its curated mix of luxury, premium, lifestyle and wellness brands.
Saks Global: When Bankruptcy Is Your Best-Case Scenario…
The retailer’s Chapter 11 filing — and $1.75 billion in new financing to keep operating while it restructures — came as a relief to many in the industry. But keeping the doors open is a low bar to clear; there are still unanswered questions about the luxury department store model’s future.
Saks Global: When Bankruptcy Is Your Best-Case Scenario…
The retailer’s Chapter 11 filing — and $1.75 billion in new financing to keep operating while it restructures — came as a relief to many in the industry. But keeping the doors open is a low bar to clear; there are still unanswered questions about the luxury department store model’s future.
The Debrief | Saks’ Bankruptcy and the Future of Luxury Retail
Saks’ Chapter 11 filing listed $3.4 billion in debts, and the retailer is on its third CEO in two weeks. But the industry is cautiously optimistic about what’s coming next. BoF’s retail editor Cat Chen explains how we got here, who gets paid and what a credible turnaround must look like.
The Debrief | Saks’ Bankruptcy and the Future of Luxury Retail
Saks’ Chapter 11 filing listed $3.4 billion in debts, and the retailer is on its third CEO in two weeks. But the industry is cautiously optimistic about what’s coming next. BoF’s retail editor Cat Chen explains how we got here, who gets paid and what a credible turnaround must look like.
Saks’ New CEO Brings Bankruptcy Know-How, Luxury Ties
Geoffroy van Raemdonck, who oversaw Neiman Marcus Group’s emergence from bankruptcy, was appointed to the top job at Saks on Wednesday as part of the retailer’s Chapter 11 filing.
Saks’ New CEO Brings Bankruptcy Know-How, Luxury Ties
Geoffroy van Raemdonck, who oversaw Neiman Marcus Group’s emergence from bankruptcy, was appointed to the top job at Saks on Wednesday as part of the retailer’s Chapter 11 filing.
Chanel, Gucci and Capri Holdings: The Brands Topping Saks’ Creditor List
As Saks Global enters a blockbuster Chapter 11 filing, its creditor list shows who’s exposed — and sets off a scramble for ways to recover unpaid bills.
Chanel, Gucci and Capri Holdings: The Brands Topping Saks’ Creditor List
As Saks Global enters a blockbuster Chapter 11 filing, its creditor list shows who’s exposed — and sets off a scramble for ways to recover unpaid bills.
Saks’ Downfall Is a Make-or-Break Moment for Macy’s
Macy’s Inc. has a once-in-a-lifetime opportunity to siphon some of Saks' beauty and fashion share, writes Andrea Felsted.
Saks’ Downfall Is a Make-or-Break Moment for Macy’s
Macy’s Inc. has a once-in-a-lifetime opportunity to siphon some of Saks' beauty and fashion share, writes Andrea Felsted.
How Brands Avoid the Brick-and-Mortar Trap
Some retailers are closing stores after opening too many in the wake of the pandemic. Those that are plowing ahead are taking a more deliberate approach — even if it means waiting years for a spot on the perfect block to open up.
How Brands Avoid the Brick-and-Mortar Trap
Some retailers are closing stores after opening too many in the wake of the pandemic. Those that are plowing ahead are taking a more deliberate approach — even if it means waiting years for a spot on the perfect block to open up.
Drake’s Leaves Its British Preppiness Intact Under New Owner
The 49-year-old menswear brand, known for its exacting preppy aesthetic and English craftsmanship, is now majority-owned by a Danish billionaire. Co-owner and creative director, Michael Hill told BoF that radical change isn’t set to follow.
Drake’s Leaves Its British Preppiness Intact Under New Owner
The 49-year-old menswear brand, known for its exacting preppy aesthetic and English craftsmanship, is now majority-owned by a Danish billionaire. Co-owner and creative director, Michael Hill told BoF that radical change isn’t set to follow.
Luxury Brands Are Making a Big Bet on Saks. Will It Come Back to Haunt Them?
Vendors have long complained that Saks was slow to pay its bills. Yet even as a bankruptcy filing for the department store giant appears imminent, many say they plan to continue to work with the retailer.
Luxury Brands Are Making a Big Bet on Saks. Will It Come Back to Haunt Them?
Vendors have long complained that Saks was slow to pay its bills. Yet even as a bankruptcy filing for the department store giant appears imminent, many say they plan to continue to work with the retailer.
Saks’ Burned Bondholders Fight Over Funding Any Bankruptcy Loan
Lenders are struggling to measure how much — if anything at all — they should loan to the cash-strapped luxury retailer.
Saks’ Burned Bondholders Fight Over Funding Any Bankruptcy Loan
Lenders are struggling to measure how much — if anything at all — they should loan to the cash-strapped luxury retailer.
THE NEWS IN BRIEF
New Balance’s India Partner to Introduce More Global Brands in Expansion
Brandman Retail plans to bring brands such as Salomon and Anta to the Indian market and more than quintuple its store count by 2028, betting on rising demand for global labels.
Maison Kitsuné Appoints Abigail Smith as New Creative Director
Maison Kitsuné has appointed British designer Abigail Smith as the brand's new creative director, with her first collection for the brand debuting at Paris Fashion Week.
Maison Kitsuné Is Closing All Its US Stores
The brand is shutting its physical doors in the US to focus on its digital business and wholesale partnerships.