News & Analysis

Hudson’s Bay Company CEO Jerry Storch Is Leaving

20 October 2017 • By Chantal Fernandez

20 October 2017 • By Chantal Fernandez

Executive chairman Richard Baker will step in to lead the department store group as it continues on a cost-cutting transformation plan.

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News & Analysis

Hudson’s Bay Company CEO Jerry Storch Is Leaving

Executive chairman Richard Baker will step in to lead the department store group as it continues on a cost-cutting transformation plan.

News & Analysis

Nordstrom Lenders Demanded Interest Rate the Family Couldn't Pay, Say Sources

17 October 2017 • By Bloomberg

17 October 2017 • By Bloomberg

Nordstrom's founding family needed roughly $7 billion to take the department store private, with lenders thought to have demanded twice the average borrowing cost for typical retailers.

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News & Analysis

Nordstrom Lenders Demanded Interest Rate the Family Couldn't Pay, Say Sources

Nordstrom's founding family needed roughly $7 billion to take the department store private, with lenders thought to have demanded twice the average borrowing cost for typical retailers.

News & Analysis

Op-Ed | Wall Street Wisely Makes Nordstrom Wait `Til Next Year

16 October 2017 • By Bloomberg Gadfly

16 October 2017 • By Bloomberg Gadfly

The Nordstrom family intends to pick up where it left off after the holidays, at which point lenders will be able to price debt with a better understanding of how the company's Nordstrom Local experiment is panning out.

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News & Analysis

Op-Ed | Wall Street Wisely Makes Nordstrom Wait `Til Next Year

The Nordstrom family intends to pick up where it left off after the holidays, at which point lenders will be able to price debt with a better understanding of how the company's Nordstrom Local experiment is panning out.

News & Analysis

Nordstrom Pauses Search for Buyout Partner

16 October 2017 • By Associated Press

16 October 2017 • By Associated Press

The Nordstrom family is no longer actively looking to close on a sale this year but will resume after the holiday season ends.

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Nordstrom Pauses Search for Buyout Partner

The Nordstrom family is no longer actively looking to close on a sale this year but will resume after the holiday season ends.

News & Analysis

Pop-Up Shop Teams With Neiman Marcus to Solve Retail 'Pain Points'

2 October 2017 • By Bloomberg

2 October 2017 • By Bloomberg

The high-tech 24-hour store in partnership with Marie Claire and Mastercard looks to solve some of the retail industry’s woes.

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Pop-Up Shop Teams With Neiman Marcus to Solve Retail 'Pain Points'

The high-tech 24-hour store in partnership with Marie Claire and Mastercard looks to solve some of the retail industry’s woes.

This Week in Fashion

Neiman Marcus and the Cautionary Tale of Toys R Us

29 September 2017 • By BoF Team

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This Week in Fashion

Neiman Marcus and the Cautionary Tale of Toys R Us

The decline of the debt-laden American toy store chain does not bode well for the luxury department store giant.

News & Analysis

Kohl's Teams Up With Amazon in Bid to Drive Traffic to Stores

6 September 2017 • By Bloomberg

6 September 2017 • By Bloomberg

The retailer will open 1,000-square-foot Amazon areas in 10 of its locations, offering gadgets like the Echo device and the Fire tablet.

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News & Analysis

Kohl's Teams Up With Amazon in Bid to Drive Traffic to Stores

The retailer will open 1,000-square-foot Amazon areas in 10 of its locations, offering gadgets like the Echo device and the Fire tablet.

News & Analysis

Galeries Lafayette Acquires Majority Stake in La Redoute

31 August 2017 • By Tamara Abraham and Grace Cook

31 August 2017 • By Tamara Abraham and Grace Cook

Through its holding company Motier, the French luxury department store is acquiring a 51 percent stake in La Redoute, with the goal of acquiring the entire business in the future.

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Galeries Lafayette Acquires Majority Stake in La Redoute

Through its holding company Motier, the French luxury department store is acquiring a 51 percent stake in La Redoute, with the goal of acquiring the entire business in the future.

News & Analysis

Hudson's Bay Jumps on Report It's Reviewing Strategic Options

25 August 2017 • By Bloomberg

25 August 2017 • By Bloomberg

The company, which has already hired an investment bank in response to pressure from activist shareholder Land & Buildings, plans to hire an additional financial adviser to conduct the review, according to a new report.

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News & Analysis

Hudson's Bay Jumps on Report It's Reviewing Strategic Options

The company, which has already hired an investment bank in response to pressure from activist shareholder Land & Buildings, plans to hire an additional financial adviser to conduct the review, according to a new report.

News Bites

Macy's Gains After Naming eBay Executive as President

22 August 2017 • By Bloomberg

22 August 2017 • By Bloomberg

Macy’s rose after naming former eBay senior VP Hal Lawton as president, bringing in an executive with an extensive technology background to the struggling department store giant.

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News Bites

Macy's Gains After Naming eBay Executive as President

Macy’s rose after naming former eBay senior VP Hal Lawton as president, bringing in an executive with an extensive technology background to the struggling department store giant.