US Economy Unexpectedly Loses Jobs in February; Unemployment Rate Rises to 4.4%
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.
department-stores
Retail
Barneys Considers Bankruptcy Financing Plans With Wells Fargo
The chain is negotiating the terms of a debtor-in-possession loan that would finance operations while Barneys works out a deal in court with landlords and lenders, according to people with knowledge of the situation.
Barneys Considers Bankruptcy Financing Plans With Wells Fargo
The chain is negotiating the terms of a debtor-in-possession loan that would finance operations while Barneys works out a deal in court with landlords and lenders, according to people with knowledge of the situation.
Retail
Catalyst Capital Seeks $114M Hudson's Bay Stake
The Private Equity firm offered to buy up to 14.85 million shares of the retail group in a bid to oppose Executive Chairman Richard Baker's plans to take the company private.
Catalyst Capital Seeks $114M Hudson's Bay Stake
The Private Equity firm offered to buy up to 14.85 million shares of the retail group in a bid to oppose Executive Chairman Richard Baker's plans to take the company private.
Retail
Barneys Is Considering Bankruptcy
The luxury department store has around $250 million of debt obligations and, earlier this year, sought to downsize its Madison Avenue store to reduce the $30 million annual rent cost.
Barneys Is Considering Bankruptcy
The luxury department store has around $250 million of debt obligations and, earlier this year, sought to downsize its Madison Avenue store to reduce the $30 million annual rent cost.
Luxury
Barneys New York Explores Options That Include Bankruptcy
It's weighing other possible solutions as it struggles with high rents and changing consumer tastes.
Barneys New York Explores Options That Include Bankruptcy
It's weighing other possible solutions as it struggles with high rents and changing consumer tastes.
Retail
World Trade Center Mall Has a Plan to Get You to Stick Around
With visitors only spending an average of about half an hour at the mall, its operator plans remain relevant with more food choices, seating, pop-up shops, health and wellness options and entertainment.
World Trade Center Mall Has a Plan to Get You to Stick Around
With visitors only spending an average of about half an hour at the mall, its operator plans remain relevant with more food choices, seating, pop-up shops, health and wellness options and entertainment.
Retail
Hudson's Bay's Chairman's Buyout Bid Pits Retail Versus Real Estate
Much of the retailer's value is locked up in its real estate. Were it to sell off some of its properties to raise cash, it could fetch more than what Executive Chairman Richard Baker offered, but would then be forced to pay rent to run some of its stores.
Hudson's Bay's Chairman's Buyout Bid Pits Retail Versus Real Estate
Much of the retailer's value is locked up in its real estate. Were it to sell off some of its properties to raise cash, it could fetch more than what Executive Chairman Richard Baker offered, but would then be forced to pay rent to run some of its stores.
Retail
Are J. Crew and Neiman Marcus on the Path to an IPO?
PetSmart's massively successful stock offering of Chewy.com is stoking speculation that other deeply indebted retailers will stage sales of their own.
Are J. Crew and Neiman Marcus on the Path to an IPO?
PetSmart's massively successful stock offering of Chewy.com is stoking speculation that other deeply indebted retailers will stage sales of their own.
Retail
Investor Calls Hudson's Bay Chairman's Offer 'Inadequate'
The shareholder called on the Canadian department store operator to explore strategic alternatives and hire an independent investment bank to evaluate the value of its real estate and retail banners.
Investor Calls Hudson's Bay Chairman's Offer 'Inadequate'
The shareholder called on the Canadian department store operator to explore strategic alternatives and hire an independent investment bank to evaluate the value of its real estate and retail banners.
Retail
Is There Hope for Wholesale?
In the age of access, the wholesale distribution model, which comes with inventory risk and high working-capital requirements, no longer makes a lot of sense.
Is There Hope for Wholesale?
In the age of access, the wholesale distribution model, which comes with inventory risk and high working-capital requirements, no longer makes a lot of sense.
Retail
Hudson's Bay Posts Wider-Than-Expected Loss
The owner of Saks Fifth Avenue and Lord & Taylor said earlier this week it was evaluating a $1.3 billion go-private cash offer from its executive chairman and other shareholders.
Hudson's Bay Posts Wider-Than-Expected Loss
The owner of Saks Fifth Avenue and Lord & Taylor said earlier this week it was evaluating a $1.3 billion go-private cash offer from its executive chairman and other shareholders.
Retail
Nordstrom Quarterly Revenue Drops
The department store's total revenue fell 3.3 percent to $3.44 billion, falling short of analysts' estimates of $3.58 billion. Shares subsequently dropped more than 9 percent.
Nordstrom Quarterly Revenue Drops
The department store's total revenue fell 3.3 percent to $3.44 billion, falling short of analysts' estimates of $3.58 billion. Shares subsequently dropped more than 9 percent.
Financial Markets
Time for Fashion to Pay Attention to Trump's Trade War
This week, everyone will be talking about escalating tariffs on Chinese-made apparel and footwear, Carine Roitfeld's charity gala at Cannes and department store earnings. Read our BoF Professional Cheat Sheet.
Time for Fashion to Pay Attention to Trump's Trade War
This week, everyone will be talking about escalating tariffs on Chinese-made apparel and footwear, Carine Roitfeld's charity gala at Cannes and department store earnings. Read our BoF Professional Cheat Sheet.
The News in Brief
Asics Buys Marathon Registration Platforms to Boost Running-Shoe Sales
The Japanese sportswear brand is accelerating global expansion by acquiring race-registration platforms to deepen engagement with runners.
Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
Fashion Startup Founder Pleads Guilty in $300 Million Fraud
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
Victoria’s Secret Forecasts Its Best Year Since L Brands Split
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.
Uniqlo Aims to Grow Tenfold in India With Summer-Centric Clothes
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Oasis Pressures Kao in Latest Japan Activist Investor Push
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.
American Eagle Forecasts Sales Growth Above Estimates on Demand From Wealthy Shoppers
The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.