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.
saks-inc
Latest News & Analysis
News & Analysis
Saks Reports Weak Q2 Sales, Deeper Loss
NEW YORK, United States — Saks Inc. on Monday reported a deeper than expected second-quarter loss after disappointing sales of shoes and handbags
Saks Reports Weak Q2 Sales, Deeper Loss
NEW YORK, United States — Saks Inc. on Monday reported a deeper than expected second-quarter loss after disappointing sales of shoes and handbags
News & Analysis
Hudson’s Bay CEO Says REIT Will Surmount Rates
VANCOUVER, Canada — Hudson's Bay Co. Chief Executive Officer Richard Baker says rising interest rates pose no hurdle to a potential spinoff of the
Hudson’s Bay CEO Says REIT Will Surmount Rates
VANCOUVER, Canada — Hudson's Bay Co. Chief Executive Officer Richard Baker says rising interest rates pose no hurdle to a potential spinoff of the
News & Analysis
Lord & Taylor Parent Hudson's Bay Co to Buy Saks for $2.9 Billion in Cash
NEW YORK, United States — Hudson's Bay Co, operator of department store chains Lord & Taylor in the United States and The Bay in Canada, said on
Lord & Taylor Parent Hudson's Bay Co to Buy Saks for $2.9 Billion in Cash
NEW YORK, United States — Hudson's Bay Co, operator of department store chains Lord & Taylor in the United States and The Bay in Canada, said on
News & Analysis
KKR Said to Weigh Investment in Saks, May Push for Merger
NEW YORK, United States — KKR & Co. is weighing whether to make an investment in Saks Inc. and may push the luxury retailer to pursue a combination
KKR Said to Weigh Investment in Saks, May Push for Merger
NEW YORK, United States — KKR & Co. is weighing whether to make an investment in Saks Inc. and may push the luxury retailer to pursue a combination
ADVERTISEMENT
News & Analysis
Saks Surges After New York Post Reports It’s Considering Sale
NEW YORK, United States — Saks Inc. surged in late trading after the New York Post reported the department-store chain hired Goldman Sachs Group Inc.
Saks Surges After New York Post Reports It’s Considering Sale
NEW YORK, United States — Saks Inc. surged in late trading after the New York Post reported the department-store chain hired Goldman Sachs Group Inc.
News & Analysis
Saks First-Quarter Same-Store Sales Beat Estimates
NEW YORK, United States — Saks Inc on Tuesday reported higher-than-expected first-quarter sales but said investments to launch an e-commerce site for
Saks First-Quarter Same-Store Sales Beat Estimates
NEW YORK, United States — Saks Inc on Tuesday reported higher-than-expected first-quarter sales but said investments to launch an e-commerce site for
News & Analysis
Jil Sander's return, Shopping R29, Spending clouds, Dolce & Gabbana couture, Fashion and art
Jil Sander Gets Her Groove Back (On the Runway) "'Don't ask me why,'' Jil Sander said with a laugh on Tuesday, when asked why she had decided, at age
Jil Sander's return, Shopping R29, Spending clouds, Dolce & Gabbana couture, Fashion and art
Jil Sander Gets Her Groove Back (On the Runway) "'Don't ask me why,'' Jil Sander said with a laugh on Tuesday, when asked why she had decided, at age
ADVERTISEMENT
The News in Brief
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.
Missoni Family Exits Namesake Brand
The transaction gives FSI, a Milan-based private equity fund, a controlling share in the Italian luxury house, as more founder-owned brands turn to investors to fund growth and weather a tough global market.
Ross Stores Forecasts Annual Sales Above Estimates on Resilient Demand for Discounted Apparel
Spend growth at off-price chains is among the strongest in retail, with gains across all income segments.
Abercrombie & Fitch Forecasts Muted Annual Sales Amid Tariff Uncertainty
The retailer said it was accounting for the 15 percent tariff announced by US president Donald Trump after the Supreme Court struck down most of his earlier tariffs.