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Retail

Neiman Marcus Seeks $55 Million From Nemesis Marble Ridge

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.

Retail

Neiman Marcus Seeks $55 Million From Nemesis Marble Ridge

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.


Workplace & Talent

Power Moves | Bloomingdale’s Names New Home Fashion Director, Agnona Creative Director Departs

This week, Kelley Carter was named home fashion director of the American department store chain, while Simon Holloway exited Agnona after five years at the brand.

Workplace & Talent

Power Moves | Bloomingdale’s Names New Home Fashion Director, Agnona Creative Director Departs

This week, Kelley Carter was named home fashion director of the American department store chain, while Simon Holloway exited Agnona after five years at the brand.


China

Why Aren’t More Chinese Department Stores Going Bankrupt?

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?

China

Why Aren’t More Chinese Department Stores Going Bankrupt?

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?


Beauty

Coty Quarterly Sales Drop 56%

The cosmetic company's net revenue fell to $922.1 million, missing expectations of $1.34 billion.

Beauty

Coty Quarterly Sales Drop 56%

The cosmetic company's net revenue fell to $922.1 million, missing expectations of $1.34 billion.


Luxury

Tiffany & Co. Reports Better Than Expected Quarterly Profit

The luxury jeweller said worldwide sales in August so far were slightly positive from a year earlier, as the rebound in second-quarter sales in China extended into the current quarter.

Luxury

Tiffany & Co. Reports Better Than Expected Quarterly Profit

The luxury jeweller said worldwide sales in August so far were slightly positive from a year earlier, as the rebound in second-quarter sales in China extended into the current quarter.


Retail

Saks Faces Eviction in Miami Over $1.9 Million in Unpaid Rent

The department store owner told its landlord this month that it couldn’t make lease payments due to the effects of the Covid-19 pandemic.

Retail

Saks Faces Eviction in Miami Over $1.9 Million in Unpaid Rent

The department store owner told its landlord this month that it couldn’t make lease payments due to the effects of the Covid-19 pandemic.


Technology

TikTok’s CEO Quits Months Into the Job After Trump’s Ban

The world's largest startup is grappling with the forced sale of its US operations, possible restrictions in the UK and an outright ban in India.

Technology

TikTok’s CEO Quits Months Into the Job After Trump’s Ban

The world's largest startup is grappling with the forced sale of its US operations, possible restrictions in the UK and an outright ban in India.


Retail

Hudson's Bay Company Reportedly Scraps Financing Plan

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.

Retail

Hudson's Bay Company Reportedly Scraps Financing Plan

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.


Retail

BoF LIVE: The Future of Physical Retail

Watch Warby Parker’s Neil Blumenthal, leading retail analysts Sucharita Kodali and Sarah Willersdorf, and BoF's Lauren Sherman and Cathaleen Chen discuss how brands and retailers should redefine the importance of brick-and-mortar stores.

Retail

BoF LIVE: The Future of Physical Retail

Watch Warby Parker’s Neil Blumenthal, leading retail analysts Sucharita Kodali and Sarah Willersdorf, and BoF's Lauren Sherman and Cathaleen Chen discuss how brands and retailers should redefine the importance of brick-and-mortar stores.


Marketing

KCD and CAA Announce Joint Venture

The full-service fashion communications firm and entertainment agency will retain their own businesses while pooling resources to pursue new projects together.

Marketing

KCD and CAA Announce Joint Venture

The full-service fashion communications firm and entertainment agency will retain their own businesses while pooling resources to pursue new projects together.