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.
real-estate
Retail
Activist Investor Starboard Urges Macy's to Strike Real-Estate Deals
Investment firm Starboard Value LP has urged department store chain Macy's Inc to push for realising greater value from its real-estate holdings, including its famous Herald Square store in New York.
Activist Investor Starboard Urges Macy's to Strike Real-Estate Deals
Investment firm Starboard Value LP has urged department store chain Macy's Inc to push for realising greater value from its real-estate holdings, including its famous Herald Square store in New York.
News & Analysis
Macy’s Seeking Potential Buyers for Stakes in Flagship Stores
Macy’s Inc. is seeking to sell stakes in its flagship stores, including its landmark building on Manhattan’s West 34th Street, one of New York’s top tourist attractions.
Macy’s Seeking Potential Buyers for Stakes in Flagship Stores
Macy’s Inc. is seeking to sell stakes in its flagship stores, including its landmark building on Manhattan’s West 34th Street, one of New York’s top tourist attractions.
Global Markets
Riding the Miami Wave
Luxury brands are stepping up their presence in the gateway to Latin America, but can Miami carry their weight?
Riding the Miami Wave
Luxury brands are stepping up their presence in the gateway to Latin America, but can Miami carry their weight?
News & Analysis
Hudson Yards Owners Seek Buyer for 40% Interest in First Tower
A 40 percent stake in 10 Hudson Yards, the first skyscraper set for completion at the development on Manhattan’s far west side, is being marketed for sale.
Hudson Yards Owners Seek Buyer for 40% Interest in First Tower
A 40 percent stake in 10 Hudson Yards, the first skyscraper set for completion at the development on Manhattan’s far west side, is being marketed for sale.
Retail
MetLife Group Loans $1 Billion for Taubman’s Mall at Short Hills
MetLife Inc. is among insurers providing a $1 billion loan to refinance Taubman Centers Inc.’s Mall at Short Hills, a 1.4 million-square-foot luxury shopping centre in New Jersey.
MetLife Group Loans $1 Billion for Taubman’s Mall at Short Hills
MetLife Inc. is among insurers providing a $1 billion loan to refinance Taubman Centers Inc.’s Mall at Short Hills, a 1.4 million-square-foot luxury shopping centre in New Jersey.
Global Markets
LA Confidence: A Fashion Force Beyond Film
With a thriving art scene, retail momentum and a GDP of more than $825 billion, Los Angeles is a growing fashion force with impact beyond its Hollywood star power.
LA Confidence: A Fashion Force Beyond Film
With a thriving art scene, retail momentum and a GDP of more than $825 billion, Los Angeles is a growing fashion force with impact beyond its Hollywood star power.
Retail
QIC Global Real Estate: Connecting People with Places
BoF sits down with QIC Global Real Estate director of investment management Stuart Miller, to learn more about how the firm is pioneering the development of next-generation retail centres.
QIC Global Real Estate: Connecting People with Places
BoF sits down with QIC Global Real Estate director of investment management Stuart Miller, to learn more about how the firm is pioneering the development of next-generation retail centres.
News & Analysis
Macy’s to Close as Many as 40 Underperforming Stores Next Year
Macy’s Inc. plans to close as many as 40 stores early next year as it trims costs and works to improve e-commerce operations.
Macy’s to Close as Many as 40 Underperforming Stores Next Year
Macy’s Inc. plans to close as many as 40 stores early next year as it trims costs and works to improve e-commerce operations.
Workplace & Talent
Role Call | Robin Zendell, Real Estate Entrepreneur
New York-based real estate entrepreneur Robin Zendell says, "It is not the failure that matters, but it is how you learn from it, so as not to repeat the same mistake."
Role Call | Robin Zendell, Real Estate Entrepreneur
New York-based real estate entrepreneur Robin Zendell says, "It is not the failure that matters, but it is how you learn from it, so as not to repeat the same mistake."
Global Markets
Miami’s Loss Is Iguatemi’s Gain as Brazilians Shop at Local Mall
Brazilians, who once flew to Miami to buy Louis Vuitton purses and Chanel dresses, are spending their weakened currency at home in a gain for luxury mall operator Iguatemi Empresa de Shopping Centers SA.
Miami’s Loss Is Iguatemi’s Gain as Brazilians Shop at Local Mall
Brazilians, who once flew to Miami to buy Louis Vuitton purses and Chanel dresses, are spending their weakened currency at home in a gain for luxury mall operator Iguatemi Empresa de Shopping Centers SA.
Retail
Hudson’s Bay Real Estate IPO Moves Closer With Deal for Kaufhof
Hudson’s Bay Co.’s acquisition of a 136-year-old German retailer lifts the value of its real estate by 20 percent to C$11 billion ($8.9 billion) and brings it a step closer to unlocking that value in a new initial public offering.
Hudson’s Bay Real Estate IPO Moves Closer With Deal for Kaufhof
Hudson’s Bay Co.’s acquisition of a 136-year-old German retailer lifts the value of its real estate by 20 percent to C$11 billion ($8.9 billion) and brings it a step closer to unlocking that value in a new initial public offering.
Retail
Blackstone Secures $600 Million for Miami Luxury Mall
Blackstone Group LP has secured a $600 million loan for a Florida developer turning a once dingy, warehouse district in Miami into a premier luxury retail destination.
Blackstone Secures $600 Million for Miami Luxury Mall
Blackstone Group LP has secured a $600 million loan for a Florida developer turning a once dingy, warehouse district in Miami into a premier luxury retail destination.
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.