For the past four years the British department store has been revamping its 220,000 square foot flagship store in London’s Knightsbridge. Today it unveils the latest phase of the multi-million pound project.
For the past four years the British department store has been revamping its 220,000 square foot flagship store in London’s Knightsbridge. Today it unveils the latest phase of the multi-million pound project.
The warning comes after it reported a 22 percent drop in core profit to £289 million for its last financial year in March.
The warning comes after it reported a 22 percent drop in core profit to £289 million for its last financial year in March.
Neiman Marcus Group hired a former Amazon executive to run its luxury department store Bergdorf Goodman as it refocuses efforts on growing internet sales.
Neiman Marcus Group hired a former Amazon executive to run its luxury department store Bergdorf Goodman as it refocuses efforts on growing internet sales.
Traditional retailers are bringing internet-born, direct-to-consumer brands into their stores as a way to draw millennials, creating new models for wholesale partnerships in the process.
Traditional retailers are bringing internet-born, direct-to-consumer brands into their stores as a way to draw millennials, creating new models for wholesale partnerships in the process.
Activist investor Land & Buildings resumed its criticism of department store owner Hudson's Bay Co., urging it to correct its underperformance and extract value from its substantial real estate holdings.
Activist investor Land & Buildings resumed its criticism of department store owner Hudson's Bay Co., urging it to correct its underperformance and extract value from its substantial real estate holdings.
Struggling to compete with online rivals, the British department store plunged as much as 20 percent.
Struggling to compete with online rivals, the British department store plunged as much as 20 percent.
The department store group is set to close 31 stores in a move likely to result in 6,000 job losses, leaving it with just 28 stores in the UK.
The department store group is set to close 31 stores in a move likely to result in 6,000 job losses, leaving it with just 28 stores in the UK.
Old-world brands and retailers are figuring out how to manage inventory and market to consumers in the digital era.
Old-world brands and retailers are figuring out how to manage inventory and market to consumers in the digital era.
The cheap and chic retailer is launching Wild Fable, Original Use and Heyday in a bid to win over a demographic that is critical to its success. Will fickle young consumers bite?
The cheap and chic retailer is launching Wild Fable, Original Use and Heyday in a bid to win over a demographic that is critical to its success. Will fickle young consumers bite?
The US department-store chain raised its full-year earnings forecast as its turnaround gains steam.
The US department-store chain raised its full-year earnings forecast as its turnaround gains steam.
First-quarter same-store sales rose 4.2 percent signaling that the company is keeping up in a fiercely competitive retail landscape.
First-quarter same-store sales rose 4.2 percent signaling that the company is keeping up in a fiercely competitive retail landscape.
Deutsche Bank said it won’t advance credit for malls in the UK after a string of retailers have cut their rent bills, closed stores and gone bankrupt.
Deutsche Bank said it won’t advance credit for malls in the UK after a string of retailers have cut their rent bills, closed stores and gone bankrupt.
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.