Saks Global to Shut 15 More Stores as Part of Restructuring
The luxury retailer, which filed for bankruptcy earlier this year, will close more stores as it tries to cut losses and focus on more profitable, higher-end locations.

The $2.65 billion deal includes financial assistance from Amazon, according to the Wall Street Journal.

The $2.65 billion deal includes financial assistance from Amazon, according to the Wall Street Journal.

As department stores and online giants struggle, a new generation of independent boutiques are carving out their own path for success. Often that means eschewing easy online sales, investing in brick-and-mortar offerings and taking a chance on emerging labels.

As department stores and online giants struggle, a new generation of independent boutiques are carving out their own path for success. Often that means eschewing easy online sales, investing in brick-and-mortar offerings and taking a chance on emerging labels.

The promise of political stability in the UK, and the opposite in France, has the industry closely watching the polls.

The promise of political stability in the UK, and the opposite in France, has the industry closely watching the polls.

Signs of recovery at the American retailer have convinced some analysts that its stock may be undervalued. Others say it’s too soon to tell, but even the sceptics note improvements on product, merchandising and markdowns.

Signs of recovery at the American retailer have convinced some analysts that its stock may be undervalued. Others say it’s too soon to tell, but even the sceptics note improvements on product, merchandising and markdowns.

The US e-tailer, a long-time stockist of Vauthier, is acquiring the label out of administration with plans to boost merchandising and e-commerce, BoF can exclusively reveal.

The US e-tailer, a long-time stockist of Vauthier, is acquiring the label out of administration with plans to boost merchandising and e-commerce, BoF can exclusively reveal.

Bjorn Gulden’s reliance on gut instinct has produced some successes already, but investors are wondering how far it will carry the company and whether it could create new vulnerabilities in the future.

Bjorn Gulden’s reliance on gut instinct has produced some successes already, but investors are wondering how far it will carry the company and whether it could create new vulnerabilities in the future.

The fashion giants are mid-turnaround, but could use strong quarterly results to buy time for their plans to kick in.

The fashion giants are mid-turnaround, but could use strong quarterly results to buy time for their plans to kick in.

Join us on Wednesday, June 26 at 16:00 BST / 11:00 EDT for our next #BoFLIVE.

Join us on Wednesday, June 26 at 16:00 BST / 11:00 EDT for our next #BoFLIVE.

With industrial policy a key issue in the EU election, apparel manufacturers, retailers and e-commerce companies are trying to put cheap clothes from China on the agenda.

With industrial policy a key issue in the EU election, apparel manufacturers, retailers and e-commerce companies are trying to put cheap clothes from China on the agenda.

The UK has also failed to benefit from a boom in online goods sales in the EU since 2019, according to a new study that shows the extent to which complex regulations have deterred firms from sending goods across the Channel.

The UK has also failed to benefit from a boom in online goods sales in the EU since 2019, according to a new study that shows the extent to which complex regulations have deterred firms from sending goods across the Channel.

When the company reports earnings today, analysts expect another quarter of slowing growth. The question is whether Lululemon’s ongoing slowdown is temporary or a sign that the brand is trapped in a downward spiral.

When the company reports earnings today, analysts expect another quarter of slowing growth. The question is whether Lululemon’s ongoing slowdown is temporary or a sign that the brand is trapped in a downward spiral.

The fast-fashion brand is investing in new ways to engage shoppers as analysts expect sales growth to slow after a post-pandemic surge.

The fast-fashion brand is investing in new ways to engage shoppers as analysts expect sales growth to slow after a post-pandemic surge.
The luxury retailer, which filed for bankruptcy earlier this year, will close more stores as it tries to cut losses and focus on more profitable, higher-end locations.
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 retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.
Spend growth at off-price chains is among the strongest in retail, with gains across all income segments.
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.
The cuts affect roughly 6 percent of the company’s global workforce and comes a week after it said it would acquire Depop.