Drastic action must now be taken if US department stores are to avoid perishing at the hands of shifting consumer culture.
Drastic action must now be taken if US department stores are to avoid perishing at the hands of shifting consumer culture.
The retailer plans to shutter 140 underperforming stores, as shares drop 17 percent following second quarter results.
The retailer plans to shutter 140 underperforming stores, as shares drop 17 percent following second quarter results.
The retailer's 1.7 percent sales growth, exceeding the 0.5 percent predicted by Wall Street, has renewed hope in the department-store model.
The retailer's 1.7 percent sales growth, exceeding the 0.5 percent predicted by Wall Street, has renewed hope in the department-store model.
Shares of both retailers declined on Thursday after the quarterly results failed to assure investors that a comeback was taking hold.
Shares of both retailers declined on Thursday after the quarterly results failed to assure investors that a comeback was taking hold.
Even as Ralph Lauren wants to send less merchandise to department stores, it still needs them to be healthy businesses.
Even as Ralph Lauren wants to send less merchandise to department stores, it still needs them to be healthy businesses.
Land & Buildings Investment Management said it may call for new directors at Hudson’s Bay Co. if the company ignores its suggestions for unlocking value.
Land & Buildings Investment Management said it may call for new directors at Hudson’s Bay Co. if the company ignores its suggestions for unlocking value.
The family's decision to offer concessions underscores the apprehension of investors over leveraged buyouts of department store chains like peer Neiman Marcus Group.
The family's decision to offer concessions underscores the apprehension of investors over leveraged buyouts of department store chains like peer Neiman Marcus Group.
In addition to offering Kenmore products on Amazon, Sears will integrate its smart appliances with Alexa, so air conditioners and other devices will respond to voice commands.
In addition to offering Kenmore products on Amazon, Sears will integrate its smart appliances with Alexa, so air conditioners and other devices will respond to voice commands.
The national retail vacancy rate rose to 10 percent in the second quarter from 9.9 percent in the first quarter, according to a report by real estate research firm Reis Inc.
The national retail vacancy rate rose to 10 percent in the second quarter from 9.9 percent in the first quarter, according to a report by real estate research firm Reis Inc.
As retailers struggle to draw in shoppers who have migrated online, stores are seizing on one of the few bright spots in the industry — fitness and wellness — in hopes of engaging consumers.
As retailers struggle to draw in shoppers who have migrated online, stores are seizing on one of the few bright spots in the industry — fitness and wellness — in hopes of engaging consumers.
Sears Canada, the struggling offshoot of Sears Holdings, said it was seeking court protection from creditors in Ontario to carry out a restructuring plan.
Sears Canada, the struggling offshoot of Sears Holdings, said it was seeking court protection from creditors in Ontario to carry out a restructuring plan.
Land & Buildings Investment Management, which owns 4.3 percent of Hudson's Bay, urged it to unlock the value of its real estate portfolio and explore a take-private transaction.
Land & Buildings Investment Management, which owns 4.3 percent of Hudson's Bay, urged it to unlock the value of its real estate portfolio and explore a take-private transaction.
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.