Global retail closures as coronavirus spreads – Update
A raft of apparel and footwear brands and retailers including Next Plc, Primark, H&M, Nike and Gap Inc, are temporarily closing stores and suspending…
Saks Incorporated
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Authentic Brands Group completes Barneys New York acquisition
Global brand development company Authentic Brands Group (ABG) has completed its purchase of the intellectual property of Barneys New York. The firm,…
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Hudson’s Bay widens Q2 net loss amid sales slump
Hudson's Bay Company CEO Helena Foulkes says the Canadian retail group is "still in the early stages of what HBC can become"…
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Hudson’s Bay optimistic despite fourth-quarter sales slip
Shares in Hudson's Bay Company (HBC) remained up by almost 6% this afternoon (4 April) as CEO Helena Foulkes hailed the Canadian retailer as "far…
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Hudson’s Bay optimistic despite fourth-quarter sales slip
Shares in Hudson's Bay Company (HBC) remained up by almost 6% this afternoon (4 April) as CEO Helena Foulkes hailed the Canadian retailer as "far…
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US Q1 in brief – Cherokee, The Finish Line, J Crew
In the most recent first-quarter filings from US apparel and footwear brands and retailers, G-III Apparel moved to a loss…
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Aditya Birla to launch Saks Fifth Avenue in India?
Indian conglomerate Aditya Birla is keeping tight lipped on reports it has partnered with Canadian retailer Hudson's Bay Company (HBC)…
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Coach taps new CFO following Nielson departure
Luxury accessories firm Coach Inc has named Kevin Wills as its chief financial officer, following the departure of Jane Hamilton Nielsen in…
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Saks Fifth Avenue steps into Canadian market
US luxury retailer Saks Fifth Avenue is set to open its first stores in Canada later this month, including the…
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Hudson’s Bay to acquire Gilt in $250m deal
Hudson's Bay Company (HBC), owner of US-based luxury retailer Saks, is to acquire online shopping website Gilt Groupe Holdings in…