U.S. luxury department-store chain Barneys New York is nearing a roughly $270 million deal with brand developer Authentic Brands Group that could lead to Barneys shops opening in Saks Fifth Avenue stores.
Hudson’s Bay Co shareholder Paradise Developments on Wednesday became the latest investor to oppose Chairman Richard Baker’s C$1.74 billion take-private offer for the department store operator, calling it inadequate.
The retail chain announced on Tuesday that it has completed the sale of its remaining European real estate and joint ventures to Signa Retail, as the company seeks to focus its attention on its North American operations.
Apparel rental services could now be taking spend away from traditional sales in an already challenged sector, and it remains to be seen if rental clothes will cannibalize retail sales over the longer term.
Renzo Rosso, who owns more fashion-forward brands than anyone in Italy, is one busy man. We caught up with the fashion empresario in Manhattan to hear how his radical readjustment of Diesel is progressing.
Canadian department store operator Hudson’s Bay Co reported a wider second-quarter loss on Thursday, hurt by several shuttered stores, heavy discounting and declining sales at the retailer’s namesake brand.