The results underscore the theme other retailers have established this holiday season: Limited gains may not be enough to appease skeptical investors.
The results underscore the theme other retailers have established this holiday season: Limited gains may not be enough to appease skeptical investors.
Geoffroy van Raemdonck, who becomes chief executive officer next month, is taking over a retailer facing heavy losses, an industrywide traffic slowdown and nearly $5 billion in debt.
Geoffroy van Raemdonck, who becomes chief executive officer next month, is taking over a retailer facing heavy losses, an industrywide traffic slowdown and nearly $5 billion in debt.
The Ralph Lauren executive replaces Karen Katz, chief executive of the luxury department store group for the last seven years.
The Ralph Lauren executive replaces Karen Katz, chief executive of the luxury department store group for the last seven years.
Despite a rise in Holiday same-store sales, the company said it would close 11 stores, cut jobs and further streamline non-store functions to save about $300 million in costs in 2018.
Despite a rise in Holiday same-store sales, the company said it would close 11 stores, cut jobs and further streamline non-store functions to save about $300 million in costs in 2018.
Its parent company plans to offer as much as 49 percent of the department store and is in talks Bank of America, Citigroup and Deutsche Bank.
Its parent company plans to offer as much as 49 percent of the department store and is in talks Bank of America, Citigroup and Deutsche Bank.
Many mall owners are spending billions to add more upscale entertainment options after Macy's, Sears and other big department store chains have shuttered hundreds of stores.
Many mall owners are spending billions to add more upscale entertainment options after Macy's, Sears and other big department store chains have shuttered hundreds of stores.
Despite Black Friday promotions having been spread over two weeks in November, Debenhams, New Look and House of Fraser are among the few still discounting by as much as 50 percent.
Despite Black Friday promotions having been spread over two weeks in November, Debenhams, New Look and House of Fraser are among the few still discounting by as much as 50 percent.
Jeff Gennette, who has been CEO of the US retailer since March, was widely expected to become chairman as part of a succession plan announced in June last year.
Jeff Gennette, who has been CEO of the US retailer since March, was widely expected to become chairman as part of a succession plan announced in June last year.
The company — challenged by the rise of e-commerce and rapidly changing consumer preferences — is betting that a strong performance during the year-end shopping season will help spark a turnaround.
The company — challenged by the rise of e-commerce and rapidly changing consumer preferences — is betting that a strong performance during the year-end shopping season will help spark a turnaround.
Wave after wave of closures have hit the US and China, but Japan’s distinguished department stores were thought to be relatively safe from the era of 'new retail' — until now.
Wave after wave of closures have hit the US and China, but Japan’s distinguished department stores were thought to be relatively safe from the era of 'new retail' — until now.
Lines are short and no doors get busted, but there are still sales to enjoy and deals to find.
Lines are short and no doors get busted, but there are still sales to enjoy and deals to find.
The figure includes a 14 percent increase in online sales, which now account for about one-third of total sales.
The figure includes a 14 percent increase in online sales, which now account for about one-third of total sales.
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.