Can the 92-year-old department store win back high-spending shoppers after years of inching downmarket?
In a climate of global uncertainty, luxury brands should consider revisiting the US and reviewing Latin American markets for growth opportunities, argues Charlotte Keesing.
Changing consumer sentiment and over distribution of product has hit the department store model hard in the challenging US market. Can executives win back the magic through a series of ambitious new year initiatives?
BoF compiles the most important professional moves of the week.
In a surprising turn of events, Marigay McKee has mutually agreed with Saks Fifth Avenue to step down as president only 15 months after taking the helm of the venerable luxury retailer.
You can find the correct answer and detailed explanation for each question immediately following the question (simply highlight to read), along with
LONDON, United Kingdom — In the heyday of department stores, fashionable ladies flocked to luxury emporiums like Le Bon Marché, Bergdorf Goodman,
LONDON, United Kingdom — Since the unveiling of the first BoF 500 last September, members of this influential global community have been making
Set to present his third CG by Chris Gelinas collection at New York Fashion Week, the Canadian-born, New York-based designer speaks to BoF on how he’s balancing early critical success with the challenges of running a fashion start-up.
How well have you read your BoF this week? Test your knowledge of all of the latest news and analysis from around the world of fashion in our Pop Quiz, which covers Michael Kors, Angelica Cheung of Vogue China, and more.
How well have you read your BoF this week? Test your knowledge of all of the latest news and analysis from around the world of fashion in our Pop Quiz, which covers Michael Kors, Angelica Cheung of Vogue China, and more.
"They’ll tap technology to get up close and personal with individual shoppers, mine 'big data' for meaningful consumer insight, and invest heavily in
NEW YORK, United States — Saks Fifth Avenue President Marigay McKee plans to spend $1.25 billion refurbishing the luxury chain over the next two
The former president of Saks Fifth Avenue chain spent 15 years at Harrods, before being tasked with re-inventing the venerable American department store chain.
Procter & Gamble raised its annual profit forecast on lower commodity costs and as consumers, particularly in the United States and Europe, kept buying its pricey Tide detergent and Dawn dish soap.
Frédéric Malle announced on Apr. 18 that he will be leaving his brand Editions de Parfums Frédéric Malle at the end of June.
The two brothers join older siblings Antoine and Delphine, meaning that 4 out of Arnault’s 5 heirs now serve on the board. Bernard Arnault, age 75, has placed his controlling interest in LVMH in a stock-share partnership aimed at perpetuating family control.
Billionaire Bernard Arnault said he hopes a planned visit to France next month by China’s Xi Jinping will help smooth trade relations between Paris and Beijing.
Alyson Hogg, who founded the luxury tanning brand in 2003, has reacquired it from Crown Laboratories.
Monthly Swiss watch exports suffered their biggest decline since 2020 as demand for premium and luxury timepieces in key markets including China and Hong Kong plunged.
Asos has said it will take “necessary actions” to transform its fortunes after the fast fashion retailer’s first-half losses widened and sales fell by nearly a fifth.
The effort to force TikTok’s Chinese parent company ByteDance Ltd to divest its ownership of the social media platform would quickly become law under a plan outlined Wednesday by House Speaker Mike Johnson.
