Investors announced the news after the department store company moved its MyTheresa business into an entity belonging to the retailer's private equity owners.
Investors announced the news after the department store company moved its MyTheresa business into an entity belonging to the retailer's private equity owners.
The group said profit before one-off items slumped 99 percent in first half of 2018, hit by its stores' pledge to match prices at rivals.
The group said profit before one-off items slumped 99 percent in first half of 2018, hit by its stores' pledge to match prices at rivals.
Hudson’s Bay is trying to turn around its discount chain, after it reported falling same-store sales for the seventh time in the past eight quarters.
Hudson’s Bay is trying to turn around its discount chain, after it reported falling same-store sales for the seventh time in the past eight quarters.
Shares in Debenhams rose after an outgoing director of Sports Direct said theboard had discussed combining the department store group with House of Fraser.
Shares in Debenhams rose after an outgoing director of Sports Direct said theboard had discussed combining the department store group with House of Fraser.
The British retailer said that while major store closures were an option, the company was not actively pursuing this route.
The British retailer said that while major store closures were an option, the company was not actively pursuing this route.
The move comes as the department store chains seek to respond to fierce competition from e-commerce players.
The move comes as the department store chains seek to respond to fierce competition from e-commerce players.
The department store chain reported a surprise rise in quarterly same-store sales, topping estimates for the third straight quarter.
The department store chain reported a surprise rise in quarterly same-store sales, topping estimates for the third straight quarter.
The aim is to keep at least 80 percent of the stores open after Sports Direct rescued House of Fraser from near collapse last week.
The aim is to keep at least 80 percent of the stores open after Sports Direct rescued House of Fraser from near collapse last week.
The UK-based department store chain said talks about other possible sources of investment were ongoing, and that an update would be given when appropriate.
The UK-based department store chain said talks about other possible sources of investment were ongoing, and that an update would be given when appropriate.
The stores offered their own sales to compete with Amazon's discounting frenzy, but the online giant's server glitches may have also provided a boost.
The stores offered their own sales to compete with Amazon's discounting frenzy, but the online giant's server glitches may have also provided a boost.
The Toronto-based company, which also owns Saks Fifth Avenue and Lord & Taylor, will phase out the brand at its namesake chain and website this fall, a spokeswoman said in a statement Friday.
The Toronto-based company, which also owns Saks Fifth Avenue and Lord & Taylor, will phase out the brand at its namesake chain and website this fall, a spokeswoman said in a statement Friday.
Many landlords in America are pushing to eliminate or restrict the escape clauses in the wake of mass department-store closings, causing less flexibility for the remaining tenants.
Many landlords in America are pushing to eliminate or restrict the escape clauses in the wake of mass department-store closings, causing less flexibility for the remaining tenants.
In a document filed with the Securities and Exchange Commission, the company’s management has approved a plan for organisational changes expected to cost the brand nearly $300 million. One analyst posited the target could be its struggling subsidiary.
The decline in nonfarm payrolls reported by the Labor Department in its employment report on Friday was the sixth since January 2025 and the second largest.
The Japanese sportswear brand is accelerating global expansion by acquiring race-registration platforms to deepen engagement with runners.
The brands Gap and Banana Republic beat comparable sales estimates.
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
The underwear company is anticipating net sales of at least $6.85 billion in the current fiscal year, exceeding analyst estimates and marking the highest revenue since its split from L Brands Inc in 2021.
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Activist fund Oasis Management Co. is calling on the Japanese personal care company to convene an extraordinary general meeting, seeking a probe into its supply-chain risk management and internal control.