Karlie Kloss and Joshua Kushner Announce Plan to Revive Life Magazine
The announcement comes more than 20 years after Life, which was initially founded in New York City in 1883, stopped its regular publications.
This week, Saks Fifth Avenue’s online arm appeared to be headed for a $6 billion IPO while an activist investor pushed Macy’s to follow suit and spin off its own e-commerce unit. But splitting up online and offline businesses, while tempting in the short-term, may be detrimental to long-term value creation.
This week, Saks Fifth Avenue’s online arm appeared to be headed for a $6 billion IPO while an activist investor pushed Macy’s to follow suit and spin off its own e-commerce unit. But splitting up online and offline businesses, while tempting in the short-term, may be detrimental to long-term value creation.
The American department store, which emerged from bankruptcy in 2020, is intent on convincing shoppers it is the premiere retail destination as people reenter the world.
In The Week Ahead, we examine Nordstrom’s plans for 2021, the final rounds of bidding for Topshop and other Arcadia brands, plus a new documentary about the artificial world of influencers.
At a time when retailers usually try to lure shoppers with festive music and decorations, the luxury department store has amped up its website and — in a very out-of-character move — plans to drive traffic through flash sales.
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If the deal falls apart, J.C. Penney would be on course for liquidation.
The retailer is seeking a temporary restraining order and compensation for alleged damages caused by the firm after Marble Ridge’s money manager Dan Kamensky was accused of trying to manipulate the bidding process in its bankruptcy case.
The retailer is seeking a temporary restraining order and compensation for alleged damages caused by the firm after Marble Ridge’s money manager Dan Kamensky was accused of trying to manipulate the bidding process in its bankruptcy case.
While consolidation continues in China’s department store sector, the pandemic hasn’t dramatically hastened store closures and bankruptcies the way it has in the US. What’s their secret?
The owner of Saks Fifth Avenue dropped plans to raise up to $900 million in debt after prospective investors requested a higher interest rate than the company was willing to pay, sources said.
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The struggling department store chain said it would cut a further 2,500 jobs, while taking 'all necessary steps' to give the business every chance of a viable future.
"Even before the pandemic, the whole fashion industry had started to unravel. What happens now that no one has a reason to dress up?"
Fashion start-up Le Tote Inc., which also filed for Chapter 11, bought the rights to the company’s stores, brand and e-commerce site from Hudson’s Bay Co. for $71 million last year.
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.
The announcement comes more than 20 years after Life, which was initially founded in New York City in 1883, stopped its regular publications.
A deadline to submit initial offers passed on Thursday, with a final deal expected to close mid-April.
Shoppers “get bored very quickly,” Régis Schultz, JD Sports’ CEO, said.
British sportswear retailer JD Sports said trading conditions remained challenging after its like-for-like sales dropped in January, resulting in fourth-quarter growth of just 0.1 percent.
Luxury watchmaker Favre Leuba plans to unveil more than two dozen timepieces later this year, priced as much as 24,000 Swiss francs ($26,489), as part of a brand relaunch that seeks to expand the Swiss pioneer’s appeal beyond its majority Indian consumer base.
L Catterton, backed by French luxury group LVMH Moet Hennessy Louis Vuitton SE, is launching a new vehicle to invest in Indian consumer-sector companies as it increases the focus on the fastest-growing major economy in the world.
The online market for secondhand apparel hit $20 billion in the US in 2023 and is expected to more than double over the next five years, according to a new report from ThredUp and Global Data.
The Swedish retailer recorded operating profit of 2.08 billion Swedish krona ($196 million), with operating margin more than doubling from the year before.